Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    24 25 27 29 Riverside Drive Canton, NY 13617

    View on Map
    For Sale
    $160,000

    WATERFRONT - Canton, NY

    Lot size:
    0.42 Acres
    Added:
    Jul 6, 2025
    Days on Market:
    270
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for 24 25 27 29 Riverside Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-1
    Standard status
    Active
    APN
    88.034-6-12
    Lot size
    0.42 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Debbie Gilson
    Debbie Gilson

    Listing agent Debbie Gilson License #31GI10937107

    Listing office County Seat Realty 1 Gouverneur St., Canton, NY

    Listing date Jul 6, 2025

    MLS# 50060 Listing URL

    Copyright © 2026 St. Lawrence Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Commercial Land in Canton

    This commercial property comprises four lots on Riverside Drive in Canton, New York. Specifically, #25, #27, and #29 Riverside Drive constitute a vacant commercial property featuring 112 feet of waterfront access on the Grasse River. This lot measures 0.17 acres with dimensions of 101 x 68.94 x 102 x 80.13 feet. A parking lot is situated directly across the street from this parcel. Additionally, #24 Riverside Drive is a vacant lot located between the former M.R. Bell's Service Station and Canton Tire. This lot is 0.25 acres and has dimensions of 80.3 x 141.7 x 49.27 x 40.73 x 20.2 x 122.22 feet. Survey maps are available for both properties. The combined assessment reflects both parcels. The location benefits from high traffic and high visibility, presenting various possibilities for business use. The zoning is C-1. The total lot size is 0.42 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.1727745
    Latitude
    44.5965538

    Nearby Similar for Sale

    • $340,000

      Turnkey Automotive Repair Facility

      Fully operational automotive repair facility with additional rental income potential.
      18 Riverside Drive, Canton, NY 13617
      View Details
    • $550,000

      Renovated Commercial Building with Lease

      Two-story renovated commercial building with long-term medical tenant.
      23/25 Park St., Canton, NY 13617
      View Details
    • $299,000

      Mixed-Use Property in Canton, NY

      Mixed-use property near colleges and businesses with residential and commercial spaces.
      5969 US Highway 11, Canton, NY 13617
      View Details
    • $320,000
      6,432 SF

      Historic Victorian Apartment Building in Canton

      Magnificent historic apartment building in Canton, NY with income potential.
      18 W Main Street, Canton, NY 13617
      View Details
    • $375,000

      63.9 Acres Recreational Land with Camp

      63.9 acres with a 1,770 sq ft three-season camp.
      5533 County Route 24, Canton, NY 13617
      View Details
    • $28,000

      Residential Lot in Canton, NY

      1.40-acre residential lot near Canton amenities.
      403 Judson Street Road, Canton, NY 13617
      View Details
    • $325,000

      Canton Multifamily with Oversized Garage

      Spacious multifamily property with a large detached four-car garage.
      40 E Main Street, Canton, NY 13617
      View Details
    • $69,900

      Rustic Cabin Near State Land

      Cabin on 2.1 acres near Indian Creek Nature Center.
      350 Irish Settlement Road, Canton, NY 13617
      View Details
    • $65,000

      Residential Land with Amish Barn

      1.7-acre residential lot with well, septic, electric, and barn.
      87 Tully Road, Canton, NY 13617
      View Details
    • $90,000

      Prime Commercial Land Opportunity

      3.1-acre parcel with high visibility and development potential.
      SH 310, Canton, NY 13617
      View Details
    • $90,000

      3.1 Acre Development Opportunity

      3.1 acres with 1,200+ feet of road frontage near Canton.
      SH 310, Canton, NY 13617
      View Details
    • $415,000

      Historic Mixed-Use Building in Canton

      Two-story commercial building with office, apartment, and retail spaces.
      70 Main Street, Canton, NY 13617
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with waterfront access on the Grasse River.
    Where is this commercial land located?
    The property is located at 24 25 27 29 Riverside Drive Canton, NY.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: Enjoy **112' of waterfront on the Grasse River.**; High traffic and high visibility location.; Two vacant commercial properties included.
    (315) 212-0169
    We can help!
    Listing Contact
    Debbie Gilson
    Debbie Gilson
    Real Estate License ID: 31GI10937107
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!