Active
31 North Main Street North, Sherburne NY 13460
MLS# S1656689
$525,000
Price
-
Beds
-
Baths
15,400
Living Area (Sq.Ft.)
1
Lot Area (Acres)
$525,000
Price
-
Beds
-
Baths
15,400
Living Area (Sq.Ft.)
1
Lot Area (Acres)
Investment Overview: Unique Property Offering <br> <br>Unique Investment Opportunity <br>This property offers a rare and compelling investment opportunity for discerning buyers. A key advantage is the presence of a reliable tenant already occupying the premises, ensuring immediate and consistent annual income. With this arrangement, investors can expect to recoup their investment in under five years, thanks to the steady cash flow generated by the tenant’s rent payments. <br>The investor enjoys flexibility in the management of the gas station operations. Specifically, the investor may choose to take over the gas operations directly or allow the current tenant to continue managing them. Depending on this decision, the projected annual income ranges from $18,000 to $36,000. Furthermore, the tenant assumes responsibility for all annual property taxes, which total $23,300, as well as all associated maintenance and utility costs. This structure provides the investor with nearly $60,000 in annual savings, significantly reducing operational burdens and increasing overall profitability. <br> <br>Property Features and Flexibility <br>The main building encompasses a generous 15,400 square feet, offering considerable flexibility for various business uses. Its design allows for easy subdivision, enabling the owner to lease portions of the space to multiple tenants. This adaptability supports the potential for maximizing rental income and appeals to a wide range of business needs. <br> <br>Land and Site Improvements <br>Included in the sale are three distinct lots or parcels, which together span more than three acres. The property is further enhanced by key site improvements, such as extensive asphalt paving, a gas station currently maintained by the Gas Company, but operated by the current Tenant, an air station, and the primary building. The specific parcels included are identified as LOTS 44.16-2-23, 44.16-2-24, and 44.16-2-25.
Status
Active
Property Type
CommercialSale
Property Sub Type
--
Year Built
1965
Parcel Number
085603-044-160-0002-025-000-0000
Unit Number
--
Lot Features
Irregular Lot
Levels
One
Lot Size Dimensions
378X290
Stories
1
Property Condition
Resale
Elementary School District
Sherburne-Earlville
Middle Or Junior School District
Sherburne-Earlville
High School District
Sherburne-Earlville
Location
Listing Agent
Janet Giacovelli
Listing Office
Berkshire Hathaway Home Services CNY
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash
Documents Available
Deed,EnvironmentalStudy,Lease,SitePlan,SoilTest
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-01-05
Gross Income
48000
Fire Places Total
0
Heating
true
Heating Features
Oil, Forced Air
Garage
--
Garage Spaces
--
Sewer
PublicSewer
Roof
Flat, Membrane, Rubber
Utilities
Electricity Connected, Sewer Connected
Parking Total
70
Construction Materials
Block, Frame, Other, Wood Siding
No schools found
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.