185 Market StPotsdam, NY 13676

Property Details for 185 Market St

Year built

1989

Lot size

0.90 AC

Property size (Sq ft)

5,400 SF

Zone code

01 - NOT ZONED

Property type

Retail properties

Property subtype

Turn key restaurants

APN

407403 64.034-1-2

APU

4074036403412

Description

This exceptional 7,700 square foot retail building, situated on 0.9 acres in St. Lawrence County, presents a unique investment or leasing opportunity. Currently vacant, the property offers flexible space options, ranging from a minimum of 1,500 contiguous square feet to the entire 7,700 square feet. Built in 1980, the single-story building features two suites and ample parking with 60 spaces. Its prime location on Route 56, adjacent to the highly successful Price Chopper Plaza, ensures high visibility and foot traffic. The property benefits from its proximity to numerous national retailers including Harbor Freight, Kinney Drugs, Big Lots, McDonald's, Taco Bell, Burger King, Lowe's, Dunkin', Stewart's, Walgreens, and Dollar General, further enhancing its appeal. The area also boasts a strong population base, fueled by the presence of SUNY Potsdam and Clarkson University. Zoned Commercial B-1, this property is ideal for a variety of retail uses, including restaurants and medical facilities. The owner is open to leasing the entire building or individual suites, with the smaller 1,500 square foot space becoming available upon lease of the larger restaurant space. This is a rare chance to acquire a well-located, versatile property in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,971,922

  6.5%

  $1,820,236

  7%

  $1,690,219

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,789,973

  Geo Method

  $1,778,021

• Alternative Use

  Use

  Valuation

  Residential

  $1,535,437

  Hospitality

  $1,406,452

  Educational

  $1,170,152

  Medical

  $1,210,395

  Retail

  $1,820,236

Location Insight

City

Potsdam

County

St. Lawrence

State

New York

Latitude

44.685

Longitude

-74.9875

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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