172 Clinton StWatertown, NY 13601

Property Details for 172 Clinton St

Year built

1950

Lot size

0.40 AC

Property size (Sq ft)

5,276 SF

Zone code

DC

Property type

Investment properties

Property subtype

Live-work space

APN

221800 10-06-109.000

APU

2218001006109000

Description

This exceptional Watertown, NY property offers a unique investment opportunity. Comprising two buildings totaling over 8,510 square feet on a 0.4-acre lot in the heart of the city, this property presents significant versatility. The main building boasts 5,768 square feet, while a secondary structure, originally a carriage house, adds another 2,472 square feet. Previously utilized as a medical office building, the property's adaptable layout allows for diverse uses. Imagine converting it back to residential, utilizing the carriage house as a separate living space or rental unit, or expanding your business with additional office space. The stunning woodwork, oversized solid wood doors, and wrap-around driveway enhance the property's appeal. Its central location provides easy access to city amenities, while the 0.4-acre lot, bordered by a church lawn, offers a surprisingly spacious feel. A walk-up attic viewing deck provides panoramic downtown views. Priced below recent appraised value, this property is a must-see for investors and entrepreneurs seeking a unique and versatile space.

• CAP approach

  CAP return

  Valuation

  6%

  $851,986

  6.5%

  $786,448

  7%

  $730,273

• Comparable approach

  Method

  Valuation

  Relative Method

  $482,006

  Geo Method

  $689,362

• Alternative Use

  Use

  Valuation

  Residential

  $975,196

  Hospitality

  $893,274

  Educational

  $743,194

  Medical

  $768,753

  Retail

  $1,156,079

Location Insight

City

Watertown

County

Jefferson

State

New York

Latitude

43.9729

Longitude

-75.9148

CBSA code

48060

CBSA name

WATERTOWN-FORT DRUM, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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