71 Market StPotsdam, NY 13676

Property Details for 71 Market St

Year built

1950

Lot size

0.37 AC

Property size (Sq ft)

7,315 SF

Zone code

01 - NOT ZONED

Property type

Office properties

Property subtype

Office buildings

APN

407403 64.058-3-14

APU

40740364058314

Description

This exceptional 7,500 square foot brick commercial building in Potsdam, NY, presents a turnkey investment opportunity. Boasting excellent street visibility, the property features four currently rented spaces, offering immediate income potential. Three front-facing units provide diverse layouts, including reception areas, multiple offices, conference rooms, kitchenettes, and ample storage. One unit features a large open area, perfect for various uses. The rear of the building houses a dance studio with high ceilings and a separate room, plus a heated warehouse with a loading dock and man door access to the rear parking lot. Additional features include shared tenant bathrooms and a utility room. The building's design allows for potential expansion with a second story, offering significant future development possibilities. The sale includes only the building

• CAP approach

  CAP return

  Valuation

  6%

  $1,817,159

  6.5%

  $1,677,378

  7%

  $1,557,565

• Comparable approach

  Method

  Valuation

  Relative Method

  $962,202

  Geo Method

  $955,778

• Alternative Use

  Use

  Valuation

  Residential

  $2,079,949

  Hospitality

  $1,905,222

  Educational

  $1,585,122

  Medical

  $1,639,637

  Retail

  $2,465,746

Location Insight

City

Potsdam

County

St. Lawrence

State

New York

Latitude

44.6716

Longitude

-74.9875

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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