221 State St Watertown, NY 13601

This exceptional investment opportunity presents a meticulously maintained, mixed-use building situated in the heart of Watertown, NY, just one block from Public Square. The property, known as the Musselman Building, boasts a substantial 22,222 square feet on a 0.17-acre lot and is priced at $1,200,000. The building comprises ten one-bedroom apartments, two two-bedroom apartments, and four studio apartments, all recently renovated and featuring a blend of historic charm and modern updates. Original brick detailing is preserved in select areas. On-site amenities include a laundry room and ample storage space, generating additional rental income. Four commercial storefronts, each approximately 1,100 square feet, offer further income potential. The building is equipped with a steam boiler, gas heating, and an on-demand hot water heater with an 80-gallon storage tank. Its prime location offers easy access to major highways (I-81, Rt. 11, and Rt. 37), Samaritan Hospital, shopping, and restaurants. Public parking is conveniently located directly across the street. The property's proximity to Fort Drum (15 minutes), the Thousand Islands region (30 minutes), and the Canadian border (30 minutes) adds to its appeal. This is a rare opportunity to acquire a high-income-generating property in a thriving downtown location.