Prime Commercial Investment Opportunity on the Raquette River in $529,000

Commercial For Sale

Prime Commercial Investment Opportunity on the Raquette River in Downtown Norfolk! Now is your chance to own a substantial commercial property located along the Raquette River in the heart of downtown Norfolk. This well-known and historically significant building offers approximately 16,000 square feet of versatile space, presenting outstanding potential for redevelopment, expansion, or investment. The majority of the commercial space is currently vacant, providing a blank canvas for your business vision. One established Auto Parts and Hardware store will remain in place as a tenant, offering immediate rental income and stability. The building features multiple storefronts, generous storage and stock rooms, and a convenient loading dock, making it ideal for retail, office, service, or mixed-use concepts. Existing infrastructure includes walk-in coolers, refrigerated storage areas, and natural gas heating. In addition to the commercial space, the property includes eight residential apartments, some of which have been recently renovated. Seven are two-bedroom units with washer and dryer hookups, and one is a one-bedroom efficiency--creating additional income potential. With its waterfront setting, downtown location, and long-standing community presence, this property offers a rare opportunity to invest in a landmark location. Whether you envision retail, professional offices, mixed-use development, or another innovative concept, the possibilities here are truly endless. What will you create in this iconic space for the next generation?