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81-83 Canal St 16,084 SF 57% Leased Retail Building Fort Plain, NY 13339 $725,000 ($45.08/SF)
INVESTMENT HIGHLIGHTS
- 4 apts. on 2nd and 3rd floors
- Meticulously maintained by one family which has owned the property for over 100 years
- Directions: Corner of Canal St. & Mohawk St. in Fort Plain.
- 2 commercial store fronts on ground floor
- 8 car parking lot on adjacent lot is included
EXECUTIVE SUMMARY
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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$38,450
|
$2.39
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $38,450 |
| Annual Per SF | $2.39 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
16,084 SF
Building Class
B
Year Built
1835
Price
$725,000
Price Per SF
$45.08
Percent Leased
57%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
4.92
Lot Size
0.08 AC
Zoning
CONF
Parking
8 Spaces (0.49 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Lotus Center For Wellness & Self-care
- Health Care and Social Assistance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Lotus Center For Wellness & Self-care | Health Care and Social Assistance | - | - | - |
PROPERTY TAXES
| Parcel Number | 273001-046-046-0001-049-000-0000 | Improvements Assessment | $27,800 |
| Land Assessment | $5,600 | Total Assessment | $33,400 |
PROPERTY TAXES
Parcel Number
273001-046-046-0001-049-000-0000
Land Assessment
$5,600
Improvements Assessment
$27,800
Total Assessment
$33,400
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81-83 Canal St
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