NEW PRICE – UNIQUE PROPERTY OFFERING
No additional due diligence needed, the property was checked and remediated several years ago with all DEC documents available.
INVESTMENT OVERVIEW:
LAND AND SITE IMPROVEMENTS:
Included in the sale are three distinct lots or parcels, which together span more than three acres. The property is further enhanced by key site improvements, such as extensive asphalt paving, a gas station currently maintained by the Gas Company, but operated by the current Tenant, an air station, and the primary building. The specific parcels included are identified as LOTS 44.16-2-23, 44.16-2-24, and 44.16-2-25.
INVESTMENT HIGHLIGHTS:
This property presents a strong investment opportunity with an established tenant already in place, providing immediate rental income and dependable cash flow. Based on the current income structure, the investment has the potential to be recouped in under five years.
• Flexible gas station operations: the investor may either operate the gas station directly; allow the current tenant to continue managing it or make a deal with the Current Operator for a Percentage.
• Projected annual income ranges from $18,000 to $36,000, depending on the chosen operating structure.
• The current tenant is responsible for annual property taxes of $23,300, along with maintenance, utilities, and related operating costs.
• This arrangement may provide nearly $60,000 in annual savings, reducing the investor’s operating burden and improving overall profitability.
• The Lease can be improvised to add another tenant and to increase the overall potential income.
BUILDING FEATURES AND LEASING FLEXIBILITY:
The main building contains 15,400+/- square feet and offers flexible space for a variety of business uses. Its layout allows for convenient subdivision, giving the owner the option to lease portions of the property to multiple tenants.
No additional due diligence needed, the property was checked and remediated several years ago with all DEC documents available.
INVESTMENT OVERVIEW:
LAND AND SITE IMPROVEMENTS:
Included in the sale are three distinct lots or parcels, which together span more than three acres. The property is further enhanced by key site improvements, such as extensive asphalt paving, a gas station currently maintained by the Gas Company, but operated by the current Tenant, an air station, and the primary building. The specific parcels included are identified as LOTS 44.16-2-23, 44.16-2-24, and 44.16-2-25.
INVESTMENT HIGHLIGHTS:
This property presents a strong investment opportunity with an established tenant already in place, providing immediate rental income and dependable cash flow. Based on the current income structure, the investment has the potential to be recouped in under five years.
• Flexible gas station operations: the investor may either operate the gas station directly; allow the current tenant to continue managing it or make a deal with the Current Operator for a Percentage.
• Projected annual income ranges from $18,000 to $36,000, depending on the chosen operating structure.
• The current tenant is responsible for annual property taxes of $23,300, along with maintenance, utilities, and related operating costs.
• This arrangement may provide nearly $60,000 in annual savings, reducing the investor’s operating burden and improving overall profitability.
• The Lease can be improvised to add another tenant and to increase the overall potential income.
BUILDING FEATURES AND LEASING FLEXIBILITY:
The main building contains 15,400+/- square feet and offers flexible space for a variety of business uses. Its layout allows for convenient subdivision, giving the owner the option to lease portions of the property to multiple tenants.
Property Details
Price:
$479,000
MLS #:
S1656689
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
sherburnevillage085603
Listed Date:
Jan 5, 2026
Finished Sq Ft:
15,400
Total Sq Ft:
15,400
Lot Size:
131,736 sqft / 1.00 acres (approx)
Year Built:
1965
See this Listing
Schools
School District:
Sherburne-Earlville
Interior
Heating
Oil, Forced Air
Levels
One
Exterior
Building Features
Office
Construction Materials
Block, Frame, Other, Wood Siding
Lot Features
Irregular Lot
Parking Spots
70
Parking Total
70
Roof
Flat, Membrane, Rubber
Stories
1
Financial
Taxes
$23,080
Map
Community
- Address31 North Main Street North Sherburne NY
- CitySherburne
- CountyChenango
- Zip Code13460
Subdivisions in Sherburne
Market Summary
Current real estate data for Commercial in Sherburne as of Jul 22, 2026
3
Commercial Listed
504
Avg DOM
34
Avg $ / SqFt
$632,667
Avg List Price
Property Summary
- 31 North Main Street North Sherburne NY is a Commercial for sale in Sherburne, NY, 13460. It is listed for $479,000
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Courtesy of Berkshire Hathaway Home Services CNY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 31 North Main Street North
Sherburne, NY