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324 N Prospect St
Herkimer, NY 13350

Citizens Bank · Retail Property For Sale

Investment Highlights

  • Absolute triple net lease with investment-grade credit and annual rent escalations.
  • Located in Downtown Herkimer, just outside Utica and halfway between Albany and Syracuse.
  • There are over 38,000 residents within a 15-minute drive, and this branch has $31 million in deposits.
  • Nearby area tenants include major brands like WalMart, McDonald's, and Dollar General.
  • The tenant recently executed a three-year lease extension, showing their commitment to the site.

PROPERTY FACTS

Property Type
Retail
Property Subtype
Bank
Building Size
3,155 SF
Building Class
B
Year Built
1974
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.36 AC
Zoning
C3
Parking
11 Spaces (3.47 Spaces per 1,000 SF Leased)
Frontage
89 FT on Prospect St

Amenities

  • Pylon Sign
  • Signage
  • Drive Thru

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
213001-113-081-0006-031-000-0000
Land Assessment
$30,900
Improvements Assessment
$350,200
Total Assessment
$381,100
  • Listing ID: 22518302

  • Date on Market: 3/19/2021

  • Last Updated:

  • Address: 324 N Prospect St, Herkimer, NY 13350

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