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    7672 State Route 20 Waterville, NY 13480

    For Sale
    $270,000

    Prime location, high traffic, immense potential. 4,457 sq ft.

    Property size:
    4,457 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This remarkable 4,457 square foot, 2.5-story building presents a unique investment opportunity for discerning entrepreneurs. Situated at the highly visible intersection of NY State Route 20 and NY State Route 12, near Waterville, Hamilton, and Utica, this property enjoys exceptional accessibility and high traffic counts. Previously occupied by a successful restaurant, Michael's Fine Food & Spirits (who have since relocated), this landmark building offers significant potential for a variety of commercial uses. The substantial 4,457 square feet provides ample space for development and customization. The 0.42-acre lot offers convenient parking and outdoor space. Its stately character and prime location make this a truly exceptional opportunity to establish a thriving business in a vibrant and accessible area. The building's history as a well-regarded establishment speaks to its inherent appeal and potential for continued success. This is a rare chance to acquire a well-positioned property with significant upside. Don't miss this chance to own a piece of Waterville's commercial landscape.

    Property Features for 7672 State Route 20

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,457 SF
    Lot Size
    18,295 SF

    Building Details

    Year Built
    1800
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Pharmacy Auto Parts Store HVAC Service Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Oneida
    State
    New York
    Longitude
    -75.37832
    Latitude
    42.91352

    Nearby Comparable

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    • $850,000

      Land Available in Sangerfield, NY

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      1000 State Route 12, Sangerfield, NY 13480
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    • $200,000

      Landmark Building Near Waterville, NY

      2.5-story, 4,500 SF building with high visibility.
      7672 Us Rt 20, Sangerfield, NY 13480
      View Details

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, high traffic, immense potential. 4,457 sq ft.
    Where is this commercial real estate located?
    The property is located at 7672 State Route 20 Waterville, NY.
    What is the asking price?
    The asking price for this property is $270,000.
    (315) 824-0800
    Request Owner's contact information
    7672 State Route 20 Waterville, NY 13480
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    Waterville, NY 13480
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    Realmo Value Estimation

    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.

    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.

    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
    7672 State Route 20 Waterville, NY 13480
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