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31 N Main Street, Sherburne, NY 13460

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For Sale

$550,000

15,400 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $35.71
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Unique Investment Opportunity This property presents a distinctive and attractive investment opportunity for potential investors. With a tenant already in place, the annual income generated ensures a return on investment in less than five years. The tenant is responsible for paying rent, and the investor has the option to take over the gas operations or allow the tenant to continue managing it. Depending on this decision, the potential income ranges from $18,000 to $36,000 per year. Additionally, the tenant is accountable for the annual taxes totaling $23,300, as well as all maintenance and utility expenses. This arrangement saves the investor nearly $60,000 per year, significantly reducing the overall operational burden and enhancing profitability. Property Features and Flexibility The building encompasses a total of 15,400 square feet and offers flexible use, as it can be easily subdivided. This versatility allows the owner to lease portions of the space to multiple businesses, thereby maximizing rental income and catering to various business requirements. Land and Site Improvements The sale includes three separate lots or parcels, collectively covering more than three acres. The property is further enhanced with asphalt paving, a gas station (maintained by Gas Company), an air station, and the main building. LOTS 44.16-2-23 44.16-2-24 44.16-2-25
MLS# S1592793

Courtesy Of Berkshire Hathaway HomeServices CNY Realty

(315) 733-0463

Property Features

  • Age
    Over 50 Years Old
  • Exterior Type
    Block
  • Floor Covering
    Vinyl, Linoleum
  • Heating System
    Forced Air
  • Lot Size
    3.02 Acres
  • Roof Type
    Asphalt

Map and Directions

Directions to 31 N Main Street, Sherburne, NY 13460

Home seller CENTURY 21 North East

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CENTURY 21 North East

(607) 757-2100
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.