8 Lake Street Richfield, NY ^$ 120,000

8 Lake Street

^$ 120,000

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New Construction

8 Lake Street

Richfield, NY, 13439

^$ 120,000

Bedrooms-- Baths-- Sq 5,880

Monthly Estimate*

^$ 749

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Commercial Property for sale in Richfield, NY

for $120,000. This 5,880 square foot building was built in 1950 on a lot size of 0.08.

An outstanding opportunity for investors seeking both immediate income and future development potential. This offering includes two separate parcels: a fully rented five-unit building and an adjoining vacant lot, providing flexibility for expansion, added parking, or long-term appreciation. The building features a desirable mix of units: Two 1-bedroom apartments Three 2-bedroom apartments Well-maintained and consistently leased, the property delivers strong, reliable cash flow. The additional lot opens the door to further value creation-whether you explore new construction, green space, or extended tenant amenities. Located in a convenient and high-demand area, this package is ideal for both seasoned investors and those looking to strategically grow their portfolio.

Commercial Pending

Price

^$ 120,000

Property Type

Commercial

Taxes

^$ 2,810

Style

Business

Lot Size

0.08

Year Built

1950

Town/City

Richfield

County/Region

Otsego

MLS | Web ID

S1651369

Features

General

Sewer PublicSewer

Heating Electric Gas Baseboard HotWater

Utilities SewerConnected WaterConnected

Possession CloseOfEscrow

Roof Shingle

Zoning 1

Construction Materials Block WoodSiding

School District Richfield Springs

Year Built 1950

Stories Count 2

Township Richfield Springs-Village

Levels Two

Property Subtype Business

County Otsego

Property Type CommercialSale

Status Pending

City Richfield

High School District Richfield Springs

Zoning Description Residential Multi Use

Number Of Units Total 0

MLS Area Richfield Springs-Village-365601

Lot Size Units Acres

Lot Size Square Feet 3485.0

Year Built Details Existing

Tax Annual Amount 2810.0

Property Condition Resale

Lease Considered Y/N No

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1651369

Standard Status Pending

Middle/Junior School District Richfield Springs

Elementary School District Richfield Springs

Tax Assessed Value 67800

TaxOtherAnnualAssessmentAmount 0.0

Tax Lot 30

Property Sub Type Additional Business Apartment Commercial

Interior

Basement Full

Total Fireplaces 0

Total Stories 2

Basement (Y/N) Yes

Heating Y/N Yes

Fireplace Y/N No

Main Level Bathrooms 0

Total Baths 0

Exterior

Lot Features IrregularLot

Water Source Public

Total Parking 8.0

Inclusions Building Only Land and Building

Lot Size Area 0.08

Number of Buildings 1

Building Area Total 5880.0

Lot Dimensions 43X0

Lot Size Acres 0.08

Waterfront Y/N No

Internal Only

Street Number 1 8

* Excluded Features

List By

Coldwell Banker Faith Properties Il

Broker

(315) 717-4047

Phone

Affordability Calculator

$983

Per Month

Monthly Principal & Interest: $749
Monthly Property Taxes: $234
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Richfield, NY

Average List Price ^$120,000

Percent of Sale Price 0%

About Richfield, NY

2,345 Population

-3% Since 2002

^$44,853 Median Income

47.26 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3038095 Elementary School

3038103 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/17/2025	$120,000		Listed Price

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8 Lake Street, Richfield, NY, 13439 is a Commercial Property for sale at $120,000 with 5,880 sqft and a lot size of 0.08. 8 Lake Street was built in 1950. The property's zip code is 13439 which is in Richfield, NY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, powered by CNYIS. Real estate listings held by firms other than Weichert Realtors are marked with the IDX logo and detailed information about them includes the Listing Broker's Firm Name.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this site's owner shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

Fair Housing Notice (FHN)-https://www.dos.ny.gov/licensing/docs/FairHousingNotice_new.pdf

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8 Lake Street

Commercial Property for sale in Richfield, NY

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