15 Raymond StPotsdam, NY 13676

Property Details for 15 Raymond St

Year built

1945

Lot size

0.14 AC

Property size (Sq ft)

3,532 SF

Zone code

01 - NOT ZONED

Property type

Office properties

Property subtype

Office buildings

APN

407403 64.058-4-36.2

APU

407403640584362

Description

This exceptional 3,532 square foot commercial building is ideally situated in the heart of Potsdam, NY, offering immediate access to ample public parking directly across the street. Completely gutted and renovated in 2012, this well-maintained property boasts a recently installed metal roof (2023), ensuring long-term durability and reduced maintenance costs. Currently occupied by a long-term tenant, this presents a secure and financially savvy investment opportunity. The building's interior features a thoughtfully designed layout including multiple offices and a comfortable waiting area, perfect for a variety of professional uses. All essential utilities are readily available, including public sewer and water, gas, and electric. The building's central location and strong tenant occupancy make this a rare find in the competitive Potsdam commercial real estate market. This is a turnkey operation, ready for a new owner to step in and enjoy the benefits of a stable, income-generating asset. The property's solid construction and recent upgrades ensure a low-maintenance and high-return investment for years to come. Don't miss this chance to acquire a prime commercial property in a thriving village setting.

• CAP approach

  CAP return

  Valuation

  6%

  $877,404

  6.5%

  $809,911

  7%

  $752,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $464,593

  Geo Method

  $461,491

• Alternative Use

  Use

  Valuation

  Residential

  $1,004,290

  Hospitality

  $919,924

  Educational

  $765,366

  Medical

  $791,688

  Retail

  $1,190,569

Location Insight

City

Potsdam

County

St. Lawrence

State

New York

Latitude

44.6696

Longitude

-74.9887

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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