137 W Main St - Convenience Store FOR SALE


Gouverneur, NY 13642
$199,000 USD
315-883-7908
137 W Main St, Gouverneur, NY for Sale
$199,000 USD
Convenience Store - FOR SALE
1/3
null | Request Cap Rate

137 W Main St
Gouverneur, NY 13642


HIGHLIGHTS

  • Located on a visible corridor with an average daily traffic count of 10,061 vehicles.
  • Fully leased to an established tenant with four years remaining on the current term and a five-year renewal option.
  • Current tenant pays $1,700 per month on a triple-net lease, ensuring predictable income.
  • Low operating expenses create an efficient ownership structure.
  • Walkable downtown location near shops, services, and community anchors.
  • Immediate income stream with minimal vacancy risk.

OVERVIEW

This commercial property presents an attractive investment opportunity in Gouverneur, NY, offering a stabilized, income-producing asset with immediate cash flow. Positioned along West Main Street, the building benefits from strong visibility, steady local traffic, and proximity to community amenities, retail shops, and essential services that drive consistent foot traffic. The surrounding area is recognized for its walkable downtown and historic character, enhancing the property’s long-term appeal. The asset is currently occupied by a tenant under a triple-net lease, providing predictable income and minimal management responsibilities for the new owner. With four years remaining on the current lease and a five-year renewal option, this property offers security and continuity of cash flow. Low operating expenses further strengthen the investment profile, making it suitable for both seasoned investors and those seeking a hands-off, income-generating property.

FOR SALE DETAILS

PRICE

$199,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

CROSS STREETS

Hailesboro Street

LAND ACRES

0.24 AC

LAND SF

10,290 SF

ZONING

R1

APN/PARCEL ID

404001-173-032-0010-028-000-0000

ASK ABOUT THIS PROPERTY

Duane EdmondsAcropolis Realty GroupMore Info
315-883-7908

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Duane EdmondsAcropolis Realty GroupMore Info
315-883-7908

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.