302 Ford StOgdensburg, NY 13669

Property Details for 302 Ford St

Year built

2002

Lot size

0.08 AC

Property size (Sq ft)

2,048 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

401200 48.079-1-43

APU

40120048079143

Description

This exceptional 2,048 square foot commercial property, located at 302 Ford Street in Ogdensburg, NY, presents a unique investment opportunity. Situated at a bustling intersection, this building enjoys high visibility and proximity to residential areas and other businesses. Constructed in 2002 and completely renovated with premium materials, the interior is currently configured as a fast-food restaurant, featuring an open floor plan with order/serving counters, a fully equipped food preparation area with ample cabinetry, a dedicated dishwashing and storage area, and a utility room. Two handicapped-accessible bathrooms ensure compliance with ADA standards. The space also includes central air conditioning, a security system, and four televisions ideal for advertising. Two outdoor patio dining areas provide additional seating, and a large adjacent lot offers potential for expansion, additional outdoor dining, or parking. The property's on-demand hot water system enhances efficiency. While currently set up for a fast-food operation, the versatile layout allows for easy adaptation to various business types. Pizza ovens and some equipment will be removed before sale. The seller may consider a lease-to-own option with a substantial down payment. This is an exceptional opportunity to establish or relocate your business in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $747,870

  6.5%

  $690,341

  7%

  $641,031

• Comparable approach

  Method

  Valuation

  Relative Method

  $678,864

  Geo Method

  $674,331

• Alternative Use

  Use

  Valuation

  Residential

  $582,329

  Hospitality

  $533,410

  Educational

  $443,791

  Medical

  $459,054

  Retail

  $690,341

Location Insight

City

Ogdensburg

County

St. Lawrence

State

New York

Latitude

44.6978

Longitude

-75.4927

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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