1655 State StWatertown, NY 13601

Property Details for 1655 State St

Year built

2006

Lot size

2.08 AC

Property size (Sq ft)

14,550 SF

Zone code

NMU

Property type

Investment properties

Property subtype

Retail residential properties

APN

221800 5-15-101.100

APU

221800515101100

Description

This exceptional 14,550-square-foot storefront property, located at 1655 State Street in Watertown, New York, presents a unique investment opportunity. Built in 2006, this single-story building sits on a large parking lot at a highly visible, signalized intersection in Jefferson County (zip code 13601). Previously occupied by a Walgreens Pharmacy, the property is currently vacant and ready for immediate occupancy. Its prime location benefits from significant foot and vehicle traffic, enhanced by the proximity of other national brands such as Mavis and Fastrac at neighboring corners. The property's modern infrastructure and high visibility make it ideal for a variety of retail uses. The asking price is $1,585,000. The permitted zoning is not specified (N). This is a for-sale-by-owner opportunity. The property offers substantial potential for investors and owner-users seeking a high-impact retail space in a thriving commercial area. The building's size and location provide excellent exposure and accessibility, making it an attractive proposition for businesses seeking a strong presence in Watertown.

• CAP approach

  CAP return

  Valuation

  6%

  $2,913,481

  6.5%

  $2,689,367

  7%

  $2,497,269

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,060,355

  Geo Method

  $2,946,710

• Alternative Use

  Use

  Valuation

  Residential

  $2,689,367

  Hospitality

  $2,463,446

  Educational

  $2,049,558

  Medical

  $2,120,045

  Retail

  $3,188,201

Location Insight

City

Watertown

County

Jefferson

State

New York

Latitude

43.9681

Longitude

-75.8818

CBSA code

48060

CBSA name

WATERTOWN-FORT DRUM, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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