81-83 Canal St - Storefront Retail/Residential FOR SALE


Fort Plain, NY 13339
$725,000 USD
518-232-0697
81-83 Canal St, Fort Plain, NY for Sale
$725,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | Request Cap Rate

81-83 Canal St
Fort Plain, NY 13339


HIGHLIGHTS

  • 4 apts. on 2nd and 3rd floors
  • 2 commercial store fronts on ground floor
  • Meticulously maintained by one family which has owned the property for over 100 years
  • 8 car parking lot on adjacent lot is included
  • Directions: Corner of Canal St. & Mohawk St. in Fort Plain.

OVERVIEW

Built in 1835 and owned by the same family for over a century. A true architectural treasure of the Erie Canal era, it has been meticulously maintained and preserved. The iconic clock tower, commissioned and still cared for by the Town of Fort Plain, crowns this masterpiece. Originally constructed for as the Montgomery Hall Hotel to serve canal builders, this storied building has also housed the Farmers and Merchants Bank, a post office, and a Mason Temple. Mahogany doors and woodwork, ornate bannisters, and decorative ceilings and entryways. Modern updates complement its history, including a rebuilt furnace/boiler (2013) and electrical systems and meters, along with energy-efficient double-pane thermal windows. Two storefront /office suites at ground level with four apartments on upper floors.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$45 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

Bank, Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1835

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,267 SF

ZONING

CONF

APN/PARCEL ID

273001-046-046-0001-049-000-0000

ASK ABOUT THIS PROPERTY

Joe LegnardBerkshire Hathaway HomeServices Blake, REALTORSMore Info
518-232-0697

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Joe LegnardBerkshire Hathaway HomeServices Blake, REALTORSMore Info
518-232-0697

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