1291 Faichney DrWatertown, NY 13601

Property Details for 1291 Faichney Dr

Year built

1970

Lot size

5.20 AC

Property size (Sq ft)

72,315 SF

Zone code

C

Property type

Industrial properties

APN

221800 8-40-106.000

APU

221800840106000

Description

This exceptional investment opportunity presents a 72,315-square-foot mixed-use building in Watertown, NY. The property, built in 1970 and situated on a 10.8-acre lot spanning two parcels, boasts a strong 7.31% cap rate and a Net Operating Income (NOI) of $270,582.66. Currently housing 18 long-term tenants, the building also offers temporary rental space for banquets or similar events. Its strategic location provides easy highway access via NY Route 81, offering excellent visibility and convenient access for tenants and clients. The property is zoned PD-02, allowing for a variety of uses. The asking price is $3,700,000, translating to $51 per square foot. This well-maintained Class B office building presents a compelling investment opportunity due to its size, established tenancy, and prime location in Watertown, a city experiencing growth due to its proximity to Fort Drum. The property is conveniently located behind Home Depot, offering excellent visibility from NY Route 81. This multi-tenant building offers a diverse income stream and significant potential for future growth. The property's substantial size and established infrastructure make it an attractive addition to any investment portfolio.

Location Insight

City

Watertown

County

Jefferson

State

New York

Latitude

43.984

Longitude

-75.9443

CBSA code

48060

CBSA name

WATERTOWN-FORT DRUM, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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