908 State StOgdensburg, NY 13669

Property Details for 908 State St

Year built

1997

Lot size

1.10 AC

Property size (Sq ft)

10,950 SF

Zone code

RB

Property type

Retail properties

Property subtype

Retail space

APN

401200 59.023-4-29.1

APU

401200590234291

Description

This exceptional 11,280-square-foot freestanding retail building, situated on a 1.13-acre corner lot in Ogdensburg, New York, presents a compelling investment opportunity. Previously occupied by a Rite Aid pharmacy, this single-story, 1997-constructed building boasts a convenient drive-thru window and ample parking for 39 vehicles. The property is zoned C-Commercial and features gas and electric utilities, along with a fully sprinklered system. Located at 908 State Street, at the intersection of State and Canton Streets, this property offers high visibility and accessibility. The asking price is $1,500,000, translating to $132.98 per square foot. With its substantial size, prime location, and existing infrastructure, this property is ideally suited for a variety of retail uses. The spacious layout and convenient drive-thru make it particularly well-suited for businesses requiring high customer traffic and easy access. The large lot size provides ample room for expansion or additional parking. This is a rare opportunity to acquire a well-maintained, freestanding retail building in a desirable location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $3,998,620

  6.5%

  $3,691,034

  7%

  $3,427,389

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,629,667

  Geo Method

  $3,605,432

• Alternative Use

  Use

  Valuation

  Residential

  $3,113,525

  Hospitality

  $2,851,972

  Educational

  $2,372,808

  Medical

  $2,454,412

  Retail

  $3,691,034

Location Insight

City

Ogdensburg

County

St. Lawrence

State

New York

Latitude

44.6905

Longitude

-75.4862

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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