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- The building everyone was waiting for,30 year owner retiring. Great visibility from Route5 18,000 cars a day. Fully rented This building produces a 14% cap and a 15% IRR. Brick building with new roof and many updates. With 2 great local restaurants down stairs and 8 apartments upstairs this building is a great mix use investment.

Listing information

  • MLS® ID: 1602923
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $11,191
  • Style: Commercial
  • Stories: 0
  • Total Square Footage: 8,556 ($39.62 per sq. foot)
  • County: Herkimer
  • Year Built: 1950
  • New Construction: No
  • Lot Size: 46.2x128.33
  • School District: Herkimer

Features

Basement and Foundation Full, Stone
Cooling Central
Electric 3 Phase, Circuit Breakers
Exterior Brick
Exterior Appearance Good
Flooring Concrete, Wood
Gas Natural Gas
Heat Gas, Hot Water
Interior Appearance Good
Other CV Assessment Year - 2013, CV Tax - 4600, CV Tax Year - 2016, Units - 10, Zoning - C3
Roof Rubber
Sewer Public Installed
Tenant Pays Electric, Gas, Waste, Water
Water Public Installed
Listing Courtesy of Paul Miscione of Miscione Realty Group Llc