267-275 North Main Street, Herkimer, NY 13350
Listing ID |
11286303 |
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Property Type |
Commercial Lease |
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Commercial Type |
OFFICE, Industrial Live/Work, Medical, Loft/Creative Space, Office/Storefront Retail, Office Live/Work Unit, Office/Residential, Telecom Hotel/Data Hosting, Flex, Distribution, Research and Development, Service, Showroom, RETAIL, Grocery/Convenience Store, Showroom, Storefront, Storefront Retail/Office, Other Retail, FOOD SERVICE, Cafe, Diner, Restaurant, Bar, Night Club, Specialty, SHOPPING CENTER, Community Center, Lifestyle Center, Neighborhood Center, Outlet Center, MULTIFAMILY, Garden, Low-Rise, Dormitory, SPECIALTY, Parking, Billboards, Other Specialty, HEALTH CARE, HOSPITALITY, Hotel, Bed and Breakfast, Hostel, Serviced Apartment, LAND, Residential/Multifamily, Commercial, RESIDENTIAL INCOME, Residential Income |
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County |
Herkimer |
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Township |
Herkimer |
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Neighborhood |
Village of Herkimer |
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Tax ID |
113.81-6-35 |
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FEMA Flood Map |
fema.gov/portal |
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Year Built |
1889 |
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Opportunity of a Lifetime
NNN Lease for Sale (9 years) An amazing opportunity awaits the right person or team looking for a long term commitment with respect to property management. Palmer House 1889 is that property and the gift that keeps on giving. With forty, affordable room rentals and four commercial storefronts, this property is not for the faint of heart. With over 42,000 sq.ft. of mixed use, commercial and residential living space, Palmer House 1889 in all it's glory is a wonderful, historic building that only needs the right team to bring it back to life. Rents range from $650 to $850 per month/40 units. Downtown Revitalization (DRI) GRANT APPLICATION AVAILABLE NOW
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- 18 Full Baths
- 18 Half Baths
- 19559 SF
- 0.33 Acres
- 42915 SF Lot
- Built in 1889
- 4 Stories
- Available 7/01/2024
- Full Basement
- 10 Lower Level SF
- Lower Level: Unfinished
- Renovation: Can use some new flooring, paint and some new hardware throughout, needs windows but grants are available.
- Luxury Vinyl Tile Flooring
- Alarm System
- Fire Sprinklers
- Steam Radiators
- Gas Fuel
- Natural Gas Avail
- Wall/Window A/C
- Masonry - Brick Construction
- Brick Siding
- Steel Siding
- Asphalt Shingles Roof
- Tar Roof
- Flat Roof
- Has Garage
- 10 Garage Spaces
- Municipal Water
- Municipal Sewer
- Patio
- Room For Pool
- Street View
- Mountain View
- City View
- Near Bus
- Lease Length: Current to June 30th, 2033
- NNN Lease Term
- Lease Conditions: Upon Request
- Lease Sq Ft: 42915
- Annual Increase: 500
- Monthly Lease Price: 5500
- Monthly Price Sq Ft: 0.00
- Annual Price Sq Ft: 0.00
- Mohawk Valley Homes and Gardens (Business Name)
- Uses: Most
- 10 Parking Spaces
- 6% Cap. Rate
- Gross Income $32,000
- Net Income $25,400
- Operating Exp $6,600
- Maintainence Exp $500
- Legal Exp $250
- Insurance Exp $350
- Heat Exp $2,500
- Electric Exp $2,000
- Water Exp $1,000
- Total Exp $6,600
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MOHAWK VALLEY HOMES AND GARDENS LLC
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Listing data is deemed reliable but is NOT guaranteed accurate.
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