24805 State Route 126Watertown, NY 13601

Property Details for 24805 State Route 126

Year built

1991

Lot size

0.47 AC

Property size (Sq ft)

360 SF

Zone code

C

Property type

Automotive properties

APN

225800 83.15-1-34.1

APU

22580083151341

Description

This exceptional commercial property, located at 24805 State Route 126 in Watertown, NY, presents a unique investment opportunity. The 0.47-acre lot offers significant visibility due to its strategic placement at a three-way stoplight on a busy street, ensuring high traffic exposure for any business. The property includes a 360-square-foot shed, which could be repurposed for various commercial uses, offering immediate functionality. This versatile space is ideal for entrepreneurs seeking a ready-to-use location or those planning a new construction project. The property's prime location in Watertown, NY, provides access to a thriving local market. Furthermore, this property offers the potential for expansion. An adjacent building and lot are available for purchase, providing the opportunity to acquire even more space to accommodate growing business needs or larger-scale development plans. This presents a rare chance to secure a substantial commercial footprint in a desirable location. The asking price for this exceptional property is $50,000. This is an excellent opportunity for investors seeking high-visibility commercial land with significant potential for growth and development.

• CAP approach

  CAP return

  Valuation

  6%

  $85,457

  6.5%

  $78,883

  7%

  $73,249

• Comparable approach

  Method

  Valuation

  Relative Method

  $82,880

  Geo Method

  $118,535

• Alternative Use

  Use

  Valuation

  Residential

  $66,541

  Hospitality

  $60,951

  Educational

  $50,711

  Medical

  $52,455

  Retail

  $78,883

Location Insight

City

Watertown

County

Jefferson

State

New York

Latitude

43.9659

Longitude

-75.8746

CBSA code

48060

CBSA name

WATERTOWN-FORT DRUM, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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