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    1 Franklin St Ogdensburg, NY 13669

    For Sale
    $550,000

    Rare Riverfront Opportunity: Develop Your Vision!

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 550,000 USD commercial property boasts an unparalleled location on the St. Lawrence River in Ogdensburg, New York. The lot offers an impressive 209 feet of river frontage and extends 275 feet deep, providing ample space for a variety of commercial developments. A significant advantage is the presence of a large paved parking lot, eliminating the need for extensive site preparation. The property's previous connection to city water and sewer services, along with existing electric service, simplifies the development process and reduces initial infrastructure costs. Its strategic location offers easy access to key amenities and attractions. The Ogdensburg Greenbelt and Marina are within close proximity, as is the Patterson Street City boat launch. Furthermore, the renowned Remington Museum and the vibrant downtown area are conveniently within walking distance, ensuring high visibility and accessibility for any commercial venture. This unique offering presents a rare chance to capitalize on the stunning riverfront setting and the thriving community of Ogdensburg. The property's size and existing infrastructure make it an ideal site for a diverse range of commercial uses, from restaurants and retail spaces to offices and recreational facilities. Don't miss this exceptional opportunity to establish a thriving business in a prime location.

    Property Features for 1 Franklin St

    General Information

    Property type
    Other commercial real estate
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogdensburg
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.49306
    Latitude
    44.70132

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    FAQs

    What type of property is this?
    Commercial real estate - Rare Riverfront Opportunity: Develop Your Vision!
    Where is this commercial real estate located?
    The property is located at 1 Franklin St Ogdensburg, NY.
    What is the asking price?
    The asking price for this property is $550,000.
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    1 Franklin St Ogdensburg, NY 13669
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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
    1 Franklin St Ogdensburg, NY 13669
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