78 State StHeuvelton, NY 13654

Property Details for 78 State St

Year built

1960

Lot size

0.14 AC

Property size (Sq ft)

2,050 SF

Property type

Banks

APN

406401 72.062-6-22.11

APU

4064017206262211

Description

This exceptional 3,075 square foot property, located at 78 State Street Unit 65 in Heuvelton, NY, presents a unique investment opportunity. Formerly a Community Bank, N.A. branch, this building boasts a prime location between Ogdensburg and Canton, offering convenient access to the Ogdensburg-Prescott International Airport and the bridge to Ottawa, Canada (less than ten minutes away). The property includes two parcels on a corner lot within a 30-mph zone, with one dedicated parking area. The exterior showcases durable split-face stone block construction, a slate-style embossed metal roof, attractive soffit dentil moldings, and elegant stained-glass transom windows. Inside, discover an open floor plan with impressive 11-foot ceilings, 10-foot solid hardwood doors featuring transoms, a wood-burning fireplace, elegant chandeliers, and custom moldings. Additional features include central air conditioning, a kitchenette, a sizable half bath, and a secure bank vault. The attic, with its 9-foot ceilings and existing electricity, offers significant potential for expansion. The dry basement, featuring 7.5-foot ceilings, houses the original bank vault, gas furnace, water heater, and ample storage space. Heuvelton is a vibrant village situated along the Oswegatchie River, offering a charming community with local shops, restaurants, and amenities within walking distance, including a K-12 school, market, diner, deli, antique store, gas station, salon, and parks. This property is ideal for a business seeking a high-visibility location or an individual looking to create a unique and spacious residence.

• CAP approach

  CAP return

  Valuation

  6%

  $587,719

  6.5%

  $542,510

  7%

  $503,759

• Comparable approach

  Method

  Valuation

  Relative Method

  $280,440

  Geo Method

  $278,567

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,063,550

  Mixed-Use / Specialty

  $538,312

  Hospitality / Lodging

  $391,995

  Office

  $532,756

  Institutional / Educational

  $558,818

  Residential Income

  $653,817

  Multifamily

  $796,704

  Automotive / Energy

  $478,987

  Parking / Income-Based Land

  $167,529

  Restaurant / Food Service

  $275,149

  Healthcare / Senior Housing

  $554,350

Location Insight

City

Heuvelton

County

St. Lawrence

State

New York

Latitude

44.6181

Longitude

-75.4078

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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