830 State StOgdensburg, NY 13669

Property Details for 830 State St

Year built

1988

Lot size

0.41 AC

Property size (Sq ft)

1,624 SF

Property type

Retail space

APN

401200 59.023-3-7.1

APU

40120059023371

Description

This exceptional commercial property at 830 State Street in Ogdensburg, NY, presents a fantastic opportunity for retail or convenience store businesses. Boasting a prime corner location with three road frontages, this 1,624 square foot building enjoys excellent visibility and high traffic counts. Ample parking is available for customers. The property includes some remaining equipment from its previous use as a convenience store, which may be available to the buyer. The 0.5-acre lot provides ample space for operations and potential expansion. This offering is particularly noteworthy due to its strategic location within Ogdensburg's bustling commercial district. Furthermore, this property is part of a larger five-parcel package sale (MLS# S1448742), offering potential for significant synergy and expansion. Included in the sale of 830 State Street is the adjacent property at 308 Jersey Avenue. The seller is currently undertaking renovations to the second-story apartment located at 308 Jersey Avenue. To facilitate a smooth transaction, the seller is open to considering owner financing options. Detailed tax information, property details, and maps for all five parcels are available in the attached documents. This is a rare opportunity to acquire a well-situated commercial property with significant potential in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $465,588

  6.5%

  $429,774

  7%

  $399,075

• Comparable approach

  Method

  Valuation

  Relative Method

  $222,163

  Geo Method

  $220,680

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $842,538

  Mixed-Use / Specialty

  $426,448

  Hospitality / Lodging

  $310,536

  Office

  $422,046

  Institutional / Educational

  $442,693

  Residential Income

  $517,951

  Multifamily

  $631,145

  Automotive / Energy

  $379,451

  Parking / Income-Based Land

  $132,716

  Restaurant / Food Service

  $217,971

  Healthcare / Senior Housing

  $439,153

Location Insight

City

Ogdensburg

County

St. Lawrence

State

New York

Latitude

44.6916

Longitude

-75.4872

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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