31 N Main Street Sherburne, NY $ 550,000
31 N Main Street
$ 550,000
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31 N Main Street

Sherburne, NY, 13460
$ 550,000
Bedrooms-- Baths-- Sq 15,400

Monthly Estimate*

$ 3,431

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Commercial Property for sale in Sherburne, NY

for $550,000. This 15,400 square foot building was built in 1965 on a lot size of 3.02.

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

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Commercial Active

Price

$ 550,000

Property Type

Commercial

Taxes

$ 23,237

Style

Office

Lot Size

3.02

Year Built

1965

Town/City

Sherburne

County/Region

Chenango

MLS | Web ID

S1592793

Features
General
Sewer PublicSewer
Heating Electric Oil ForcedAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt Flat
Zoning 454 & 438
Construction Materials Block
School District Sherburne-Earlville
Year Built 1965
Electric Phases3
Stories Count 1
Township Sherburne-Village
Levels One
Property Subtype Office
Gross Income 84000.0
Business Type Grocery
Additional Parcels Description 085603-44-160-0002-024-000-0000; & 023
County Chenango
Property Type CommercialSale
Building Features LoadingDock Other SeeRemarks
Status Active
Directions 31 Main street Sherburne NY / Route 12
City Sherburne
High School District Sherburne-Earlville
Zoning Description Commercial
Number Of Units Total 0
MLS Area Sherburne-Village-085603
Lot Size Units Acres
Year Built Details Existing
Tax Annual Amount 23237.0
Property Condition Resale
Lease Considered Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1592793
Standard Status Active
Middle/Junior School District Sherburne-Earlville
Elementary School District Sherburne-Earlville
Tax Assessed Value 421700
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 25
Property Sub Type Additional Office Retail Commercial
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Interior
Basement None
Flooring Linoleum Vinyl
Total Fireplaces 0
Total Stories 1
Basement (Y/N) No
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Parking Features Surfaced
Lot Features IrregularLot
Water Source Public
Total Parking 100.0
Inclusions Land and Building Other - See Remarks
Lot Size Area 3.02
Number of Buildings 1
Building Area Total 15400.0
Lot Dimensions 228X387
Lot Size Acres 3.02
Waterfront Y/N No
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Internal Only
Street Number 1 31
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* Excluded Features
List By
Berkshire Hathaway Home Services Cny

Broker

(315) 404-7108

Phone

Affordability Calculator

$5,368
Per Month
64%
36%
0%
Monthly Principal & Interest
$3,431
Monthly Property Taxes
$1,936
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3040192 Elementary School
3040806 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/17/2025$550,000 Listed Price

Map


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31 N Main Street, Sherburne, NY, 13460 is a Commercial Property for sale at $550,000 with 15,400 sqft and a lot size of 3.02. 31 N Main Street was built in 1965. The property's zip code is 13460 which is in Sherburne, NY