About This Home

This 0-bedroom, 0-bathroom commercial at 31 N Main Street N in Sherburne, NY is listed for $479,000 ($31 per sqft). Built in 1965, the home offers 15,400 sqft of living space on a 1.00 acres lot.

Key Features

  • Built in 1965
  • 1.00 acre lot
  • 70 parking spaces

Property Details

1 story
70 spaces
1965
Listing Description

NEW PRICE - UNIQUE PROPERTY OFFERING No additional due diligence needed, the property was checked and remediated several years ago with all DEC documents available. INVESTMENT OVERVIEW: LAND AND SITE IMPROVEMENTS: 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.

INVESTMENT HIGHLIGHTS: This property presents a strong investment opportunity with an established tenant already in place, providing immediate rental income and dependable cash flow. Based on the current income structure, the investment has the potential to be recouped in under five years.

- Flexible gas station operations: the investor may either operate the gas station directly; allow the current tenant to continue managing it or make a deal with the Current Operator for a Percentage. - Projected annual income ranges from $18,000 to $36,000, depending on the chosen operating structure.

- The current tenant is responsible for annual property taxes of $23,300, along with maintenance, utilities, and related operating costs. - This arrangement may provide nearly $60,000 in annual savings, reducing the investor's operating burden and improving overall profitability.

- The Lease can be improvised to add another tenant and to increase the overall potential income. BUILDING FEATURES AND LEASING FLEXIBILITY: The main building contains 15,400+/- square feet and offers flexible space for a variety of business uses. Its layout allows for convenient subdivision, giving the owner the option to lease portions of the property to multiple tenants.

Monthly Cost Estimate

$2,562/mo

20% down · 6.5% · 30 years

Principal$346
Interest$2,076
Insurance$140

Estimates only. Actual payments may vary.

Location

31 N Main Street N

Sherburne, NY 13460

Property Details

Construction

Block Frame WoodSiding

Heating

Forced AirOil

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 31 N Main Street N is listed at $479,000 ($31/sqft). The estimated monthly payment is $2,562 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1965, 1.00 acre lot, 70 parking spaces.

This property is listed by Janet Giacovelli.

JG

Janet Giacovelli

License 40KI1174527

Agent at Berkshire Hathaway HomeServices CNY Realty

Listed by Berkshire Hathaway HomeServices CNY Realty · Broker phone: (315) 218-1480 · Broker website

MLS# S1656689· Source: New York State Alliance of MLSs, LLC· 298 days on PropertySimple

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

31 N Main Street N, Sherburne, NY 13460

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