22087 Us Route 11Watertown, NY 13601

Property Details for 22087 Us Route 11

Year built

1993

Lot size

1.11 AC

Property size (Sq ft)

8,540 SF

Zone code

99

Property type

Retail space

APN

224889 74.18-1-2.2

APU

2248897418122

Description

This exceptional Watertown, NY commercial property presents a lucrative investment opportunity. Spanning 10,684 square feet on a 1.11-acre lot at 22087 US Route 11, this established business boasts a unique combination of revenue streams. The property includes a well-equipped convenience store and a separate liquor store, catering to a broad customer base. A significant advantage is the inclusion of one of the largest walk-in beverage coolers in the area, perfect for optimal product storage and display. This ensures efficient inventory management and preservation of perishable goods. Beyond the main retail spaces, a substantial storage building provides ample room for inventory and supplies, streamlining operations. The property's location just outside the city limits to the north offers convenient access while maintaining proximity to the city's amenities. Abundant parking ensures customer convenience and ease of access. The asking price is $1,799,500. This turnkey operation presents a rare chance to acquire a well-established business with significant growth potential in a desirable location. The combination of multiple revenue streams, ample storage, and convenient location makes this a truly exceptional investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,027,228

  6.5%

  $1,871,288

  7%

  $1,737,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,966,101

  Geo Method

  $2,811,908

• Alternative Use

  Use

  Valuation

  Residential

  $1,578,501

  Hospitality

  $1,445,899

  Educational

  $1,202,971

  Medical

  $1,244,343

  Retail

  $1,871,288

Location Insight

City

Watertown

County

Jefferson

State

New York

Latitude

43.9948

Longitude

-75.9051

CBSA code

48060

CBSA name

WATERTOWN-FORT DRUM, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].