Log In/Sign Up
Your email has been sent.
137 W Main St 1,500 SF Retail Building Gouverneur, NY 13642 $199,000 ($132.67/SF)
Investment Highlights
- Located on a visible corridor with an average daily traffic count of 10,061 vehicles.
- Current tenant pays $1,700 per month on a triple-net lease, ensuring predictable income.
- Walkable downtown location near shops, services, and community anchors.
- Fully leased to an established tenant with four years remaining on the current term and a five-year renewal option.
- Low operating expenses create an efficient ownership structure.
- Immediate income stream with minimal vacancy risk.
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
1,500 SF
Building Class
C
Year Built
1950
Price
$199,000
Price Per SF
$132.67
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.15
Lot Size
0.24 AC
Zoning
R1
Parking
12 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 404001-173-032-0010-028-000-0000 | Improvements Assessment | $76,000 |
| Land Assessment | $9,500 | Total Assessment | $85,500 |
Property Taxes
Parcel Number
404001-173-032-0010-028-000-0000
Land Assessment
$9,500
Improvements Assessment
$76,000
Total Assessment
$85,500
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
137 W Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.