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137 W Main St 1,500 SF Retail Building Gouverneur, NY 13642 $279,993 CAD ($186.66 CAD/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
$279,993 CAD
Price Per SF
$186.66 CAD
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 | $107,548 CAD |
| Land Assessment | $13,443 CAD | Total Assessment | $120,991 CAD |
Property Taxes
Parcel Number
404001-173-032-0010-028-000-0000
Land Assessment
$13,443 CAD
Improvements Assessment
$107,548 CAD
Total Assessment
$120,991 CAD
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137 W Main St
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