203 State StOgdensburg, NY 13669

Property Details for 203 State St

Year built

1950

Lot size

0.30 AC

Property size (Sq ft)

20,772 SF

Property type

Retail properties

Property subtype

Other individual retail properties

APN

401200 48.070-2-41

APU

40120048070241

Description

This meticulously maintained three-story commercial/multi-use property at 203 State Street in Ogdensburg, NY, presents a significant investment opportunity. Boasting 25,092 square feet on a 0.3-acre corner lot, this building offers exceptional visibility and accessibility. The attractive stone exterior is in pristine condition, complemented by recent upgrades including a new rubber roof (2023), a modernized boiler system, updated electrical and lighting systems, plumbing improvements, new windows, and fresh flooring. The property currently generates income through a long-term lease with an attorney's office. A substantial amount of additional space is available for lease, creating further income potential. The current owners, Northern Physical Therapy, are also interested in a long-term lease, providing a ready-made tenant and immediate return on investment. The property features a large paved rear parking area, maintained by the city and shared with other businesses, ensuring ample parking for tenants and clients. This property's size, location, and recent renovations make it an ideal investment for entrepreneurs, established businesses, or investors seeking substantial growth potential. The combination of existing income and the potential for additional leasing makes this a truly compelling opportunity in the thriving Ogdensburg market.

• CAP approach

  CAP return

  Valuation

  6%

  $7,585,328

  6.5%

  $7,001,841

  7%

  $6,501,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,885,428

  Geo Method

  $6,839,455

• Alternative Use

  Use

  Valuation

  Residential

  $5,906,314

  Hospitality

  $5,410,152

  Educational

  $4,501,184

  Medical

  $4,655,986

  Retail

  $7,001,841

Location Insight

City

Ogdensburg

County

St. Lawrence

State

New York

Latitude

44.6983

Longitude

-75.4938

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].