619 Main StOgdensburg, NY 13669

Property Details for 619 Main St

Year built

1990

Lot size

0.82 AC

Property size (Sq ft)

4,712 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

401200 59.021-1-4.1

APU

40120059021141

Description

This exceptional 3.15-acre commercial property in Ogdensburg, NY, boasts stunning St. Lawrence River views. The site features two large storage units and a smaller garage, providing immediate utility and income potential. City water and sewer services are readily available, simplifying development and operational costs. The property's prime location offers unparalleled visibility and accessibility. The adjacent riverfront property, owned by the city, presents a unique expansion opportunity, potentially increasing the overall acreage and development possibilities. This presents a rare chance to acquire a substantial commercial parcel with existing structures and significant future growth potential. The existing buildings are well-suited for a variety of uses, from storage and light industrial to potential redevelopment. The expansive lot size allows for considerable flexibility in terms of future expansion or development. The picturesque riverfront setting adds significant aesthetic value and could be a key selling point for various businesses. This property is ideally suited for an entrepreneur or investor seeking a versatile commercial holding with substantial upside. The combination of existing structures, ample land, and the potential for riverfront expansion makes this a truly unique investment opportunity. Don't miss this chance to secure a prime commercial location with breathtaking views and significant development potential. The asking price is $325,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,170,534

  6.5%

  $1,080,493

  7%

  $1,003,315

• Comparable approach

  Method

  Valuation

  Relative Method

  $619,808

  Geo Method

  $615,670

• Alternative Use

  Use

  Valuation

  Residential

  $1,339,811

  Hospitality

  $1,227,260

  Educational

  $1,021,066

  Medical

  $1,056,182

  Retail

  $1,588,324

Location Insight

City

Ogdensburg

County

St. Lawrence

State

New York

Latitude

44.691

Longitude

-75.5066

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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