1179 Coffeen St, Watertown, NY 13601
This exceptional mixed-use property in Watertown, NY, presents a unique investment opportunity. Located at 1179 Coffeen Street, this 4,688 square foot building enjoys a prime commercial location just off State Route 81 and directly across from Jefferson Community College. Its position on a heavily trafficked street, Coffeen Street, provides excellent visibility and accessibility, with convenient access to an Interstate 81 exit ramp. The property benefits from its location in a densely populated area with a mix of commercial and residential properties. Watertown's strong economy is further bolstered by the presence of Fort Drum, a major U.S. Army base. The property itself comprises a single-family home and a fully operational dry cleaning plant, which also includes a tuxedo shop. This combination offers diverse income streams and potential for expansion or redevelopment. The property sits on a 0-acre lot. This is an ideal location for an investor seeking a high-traffic commercial property with significant potential in a thriving city environment. The property is priced at $699,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.