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41 Chestnut St 3,573 SF 100% Leased Retail Building Amsterdam, NY 12010 $80,000 ($22.39/SF)
Investment Highlights
- Highly Visible Corner
- Financial Assistance Could Be Available for Owner Occupants
- Multiple Sources of Potential Income
Executive Summary
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?
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,573 SF
Building Class
C
Year Built
1880
Price
$80,000
Price Per SF
$22.39
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.71
Lot Size
0.11 AC
Zoning
R2
Frontage
100’ on Chestnut St
Amenities
- Corner Lot
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 270100-039-083-0003-001-000-0000 | Improvements Assessment | $28,300 |
| Land Assessment | $7,700 | Total Assessment | $36,000 |
Property Taxes
Parcel Number
270100-039-083-0003-001-000-0000
Land Assessment
$7,700
Improvements Assessment
$28,300
Total Assessment
$36,000
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Contact the Sale Advisor
41 Chestnut St