41 Chestnut St - Storefront Retail/Residential FOR SALE


Amsterdam, NY 12010
$80,000 USD
254-299-7313
41 Chestnut St, Amsterdam, NY for Sale
$80,000 USD
Storefront Retail/Residential - FOR SALE
1/47
null | Request Cap Rate

41 Chestnut St
Amsterdam, NY 12010


HIGHLIGHTS

  • Highly Visible Corner
  • Multiple Sources of Potential Income
  • Financial Assistance Could Be Available for Owner Occupants

OVERVIEW

Calling all investors and entrepreneurs! This mixed-use, three-unit property is full of opportunity and offers the chance to own a piece of Amsterdam's history. Standing since 1880, this landmark building has served the neighborhood for generations. Once home to a popular local business in the 1960s, the commercial space was most recently approved for use as a neighborhood convenience store, opening the door to a variety of future possibilities. Ideally located just one block from the neighborhood park and close to local schools, this property is well suited for investors looking to expand their portfolio or owner-occupants seeking the flexibility of living where they work while generating rental income. The first floor offers two potential retail spaces, ample storage, and a studio apartment. Upstairs, you'll find a spacious two-bedroom apartment featuring a living room, dining room, a second-floor porch, and a walk-up attic that provides additional storage or future potential. Outside, a charming hidden patio tucked between the porch and detached two-car garage creates a private space to unwind. As an added bonus, the City of Amsterdam offers a variety of grant programs for qualifying owner-occupied and commercial properties, providing potential opportunities for future improvements and investment. For nearly 150 years, this building has adapted alongside the community it serves. What will its next chapter be?

FOR SALE DETAILS

PRICE

$80,000 USD

PRICE/SF

$15 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Storefront, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

R2

APN/PARCEL ID

270100-039-083-0003-001-000-0000

ASK ABOUT THIS PROPERTY

Terressa MannixKW PLATFORMMore Info
254-299-7313

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

Terressa MannixKW PLATFORMMore Info
254-299-7313

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