250 E State St
Herkimer, NY 13350
Studio
Studio
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H.AZIZIAN >> 347-836-2542 << N.Y.R.N. .OUT OF TOWN INVESTMENT PROPERTIES FOR SALE
10 Properties for Sale
prefer to sell as a package deal (with discount given), or you can also buy separately.
All of properties have been well maintained and the buildings are in good condition.
The following is the summary. National chain stores giving the first ten years lease and then follow with option to renew for 5 years per term.
1)NATIONAL NAME BRAND ,(UNDER CONTRACT ) Baton Rouge, Louisiana. $990,000 / 6.8%cap rate
Lease Structure: Brand new, 15-year, absolute NNN lease with 1.5% annual rent increases during primary term and 20 years option periods with 4, 5-Year Options to Renew
NET OPERATING INCOME: $66,960
2) MEDICAL CENTER. Pauls Valley, OK $1,500,000. Reduced to $1,300,000 for quick sale / $9754.85 x 12=$1170582 9% cap
Lease term of 15 years plus two 5 year renewals starting on Nov 1, 2006 - to 2021 Nov+10 years for renew ), a NYSE company; with 3% increases per year with 3% increases per year, which is very rare in National Chain store lease..
Tenant pays rent, tax, insurance, and part of maintenance fee of HVAC.
3) RESTAURANT: Herkimer, NY
Sale price: $850,000; Reduced to $750,000. (selling at a Capital Loss)
This NNN property is located in a busy, thriving commercial area of Herkimer, NY. Many nationally recognized companies are located nearby: McDonald's, Rite Aide, Dollar General, etc. By Dec 2014, The ideal buyer is a current or aspiring restaurateur owner, or a buyer who wants to buy for investment in a location surrendered by all well-known national chain store shopping center with low price.
4) NATIONAL BRAND NAME. Franklinville, NY
PRICE REDUCED to $550,000. 6% cap Plus 5% additional rent (selling at a Capital loss)
A big piece of land with just renewed lease rent and Plus with 5% sales as additional rent.
SALE price REDUCED from cost of $800,000 to $550,000.
5)NATIONAL BRAND NAME .Liberty, NY
Sale price: $720,000 8.84% cap
This property has two pieces of land with a two story building, in a very well-trafficked street mall) & a big piece of land as a driveway and parking lot. Rent $5,271.75 monthly; Yearly rent $63,261. Tenant also pays Percentage Rent. Tenant just renewed with 10 years, plus two of 5 years term for renew. With recent renovation of new roof, two new HVAC, Parking lot, etc.
This property almost a NNN, owner has easy maintenance.
TOTAL PRICE: $3,419,000
PRINCIPALS ONLY. PROOF OD FUNDS, LETTER OF INTEND, CONFIDENTIALITY AGREEMENT & BROKER COMPENSATION ARE REQUIRED..ABSOLUTELY NO BROKER PARTICIPATION
10 Properties for Sale
prefer to sell as a package deal (with discount given), or you can also buy separately.
All of properties have been well maintained and the buildings are in good condition.
The following is the summary. National chain stores giving the first ten years lease and then follow with option to renew for 5 years per term.
1)NATIONAL NAME BRAND ,(UNDER CONTRACT ) Baton Rouge, Louisiana. $990,000 / 6.8%cap rate
Lease Structure: Brand new, 15-year, absolute NNN lease with 1.5% annual rent increases during primary term and 20 years option periods with 4, 5-Year Options to Renew
NET OPERATING INCOME: $66,960
2) MEDICAL CENTER. Pauls Valley, OK $1,500,000. Reduced to $1,300,000 for quick sale / $9754.85 x 12=$1170582 9% cap
Lease term of 15 years plus two 5 year renewals starting on Nov 1, 2006 - to 2021 Nov+10 years for renew ), a NYSE company; with 3% increases per year with 3% increases per year, which is very rare in National Chain store lease..
Tenant pays rent, tax, insurance, and part of maintenance fee of HVAC.
3) RESTAURANT: Herkimer, NY
Sale price: $850,000; Reduced to $750,000. (selling at a Capital Loss)
This NNN property is located in a busy, thriving commercial area of Herkimer, NY. Many nationally recognized companies are located nearby: McDonald's, Rite Aide, Dollar General, etc. By Dec 2014, The ideal buyer is a current or aspiring restaurateur owner, or a buyer who wants to buy for investment in a location surrendered by all well-known national chain store shopping center with low price.
4) NATIONAL BRAND NAME. Franklinville, NY
PRICE REDUCED to $550,000. 6% cap Plus 5% additional rent (selling at a Capital loss)
A big piece of land with just renewed lease rent and Plus with 5% sales as additional rent.
SALE price REDUCED from cost of $800,000 to $550,000.
5)NATIONAL BRAND NAME .Liberty, NY
Sale price: $720,000 8.84% cap
This property has two pieces of land with a two story building, in a very well-trafficked street mall) & a big piece of land as a driveway and parking lot. Rent $5,271.75 monthly; Yearly rent $63,261. Tenant also pays Percentage Rent. Tenant just renewed with 10 years, plus two of 5 years term for renew. With recent renovation of new roof, two new HVAC, Parking lot, etc.
This property almost a NNN, owner has easy maintenance.
TOTAL PRICE: $3,419,000
PRINCIPALS ONLY. PROOF OD FUNDS, LETTER OF INTEND, CONFIDENTIALITY AGREEMENT & BROKER COMPENSATION ARE REQUIRED..ABSOLUTELY NO BROKER PARTICIPATION
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
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HOA
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Home Details for 250 E State St
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Property Type / Style Property Type: Single Family Home |
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Comparable Sales for 250 E State St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.11 | Single-Family Home | $60,000 | 09/04/25 | 4 | 2 | 1,830 | |
0.12 | Single-Family Home | $55,000 | 09/24/25 | 3 | 1 | 1,652 | |
0.14 | Single-Family Home | $85,000 | 11/12/25 | 4 | 1 | 1,968 | |
0.18 | Single-Family Home | $25,000 | 07/23/25 | 2 | 2 | 857 | |
0.19 | Single-Family Home | $165,000 | 03/25/26 | 7 | 3 | 3,750 | |
0.21 | Single-Family Home | $150,000 | 11/12/25 | 3 | 2 | 1,688 | |
0.22 | Single-Family Home | $35,000 | 06/11/25 | 3 | 2 | 1,188 | |
0.23 | Single-Family Home | $150,000 | 06/06/25 | 4 | 2.5 | 1,886 | |
0.24 | Single-Family Home | $8,000 | 05/28/25 | - | 4,128 | ||
0.24 | Single-Family Home | $85,000 | 10/30/25 | 4 | 1 | 1,600 |
Assigned Schools
These are the assigned schools for 250 E State St.
- Herkimer High School
- 6-12
- Public
- 536 Students
5/10GreatSchools RatingParent Rating AverageThis school could have made it- it needed to merge with Ilion and Mohawk to become part of the CVA District. The vast majority of the teachers- because they care about the district- voted for the merger even at risk of losing their jobs. A great number of student also wanted to merge. The community even voted to merge in the initial vote. Now this school- along with the entire district- is floundering. Positions have been reduced to part time or cut entirely, with more cuts to come if a miracle doesn't happen. Programs like music-such a strong point in Herkimer- is threatened. A current staff member told me yesterday that a teacher could be cut from every grade. And guess what folks- I've always voted for the budget even if it meant taxes would be raised but no more. Thanks, small minded people and selfish business owners who railroaded the merger- unfortunately, times change and you should have been courageous enough to change with it. Shame upon you!Other Review11y ago - Herkimer Elementary School
- PK-5
- Public
- 532 Students
5/10GreatSchools RatingParent Rating AverageThis school is the worst school I have ever encountered. I have went to 5 school growing up due to moving around . My son is in kindergarder and he has been suspended a number of times. He got a a write up for making a squeaking noise in school. In kindergarten. When you try to talk to the principal she tells you everything you say is wrong. I am trying to find a new house so I can take him out of this school district and work with people to help my son not work against him. If you are moving do not let your kids go hereParent Review8y ago 
Check out schools near 250 E State St.
What Locals Say about Herkimer
At least 26 Trulia users voted on each feature.
92 % Say it's dog friendly
86 % Say it's walkable to grocery stores
84 % Say parking is easy
83 % Say there's holiday spirit
81 % Say there are sidewalks
81 % Say yards are well-kept
79 % Say it's walkable to restaurants
70 % Say car is needed
69 % Say streets are well-lit
63 % Say kids play outside
57 % Say people would walk alone at night
55 % Say neighbors are friendly
53 % Say there's wildlife
48 % Say it's quiet
30 % Say they plan to stay for at least 5 years
23 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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250 E State St, Herkimer, NY 13350 is a studio single-family home. This property is not currently available for sale.