59 Maple StPotsdam, NY 13676

Property Details for 59 Maple St

Year built

1950

Lot size

0.51 AC

Property size (Sq ft)

5,129 SF

Property type

Retail properties

Property subtype

Gas stations

APN

407403 64.066-2-3.1

APU

40740364066231

Description

This exceptional mixed-use investment opportunity in Potsdam, NY, presents two adjacent parcels totaling 1.51 acres with significant road frontage on Maple Street and Sandstone Drive. The properties boast a combined estimated daily traffic count exceeding 15,000 vehicles, ensuring high visibility for any commercial venture. The strategic location near Clarkson and Potsdam Universities makes this an ideal site for a variety of businesses. Property A, located at 59 & 61 Maple Street, comprises a 5,129 square foot former service station on a 0.51-acre lot (tax parcel 64.066-2-3.1). This parcel offers 132 feet of frontage on Maple Street and 157 feet on Sandstone Drive. Property B, situated at 53 Maple Street, features a 2,400 square foot retail building on a 1.00-acre lot (tax parcel 64.066-2-4), providing 135 feet of Maple Street frontage and 173 feet on Sandstone Drive. The combined tax amount for both parcels is available upon request. The high traffic volume and proximity to universities make this property suitable for retail businesses, restaurants, drug stores, or a small strip mall. This is a rare opportunity to acquire a substantial commercial property in a high-demand area. No value has been assigned to the existing structures. The asking price for this exceptional property is $1,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,872,961

  6.5%

  $1,728,887

  7%

  $1,605,395

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,700,142

  Geo Method

  $1,688,791

• Alternative Use

  Use

  Valuation

  Residential

  $1,458,381

  Hospitality

  $1,335,869

  Educational

  $1,111,427

  Medical

  $1,149,651

  Retail

  $1,728,887

Location Insight

City

Potsdam

County

St. Lawrence

State

New York

Latitude

44.6676

Longitude

-74.9932

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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