Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Commercial Land on Route 56 Title is generated by Realmo AI

    6570 State Highway 56, Potsdam, NY 13676

    View on Map
    Claim this Listing
    For Sale
    $284,900

    1.7-acre commercial lot with high visibility and redevelopment potential.

    Type:General Commercial
    Property size:
    7,054 SF
    Lot size:
    1.70 Acres
    Price / SF:
    $40/SF
    Added:
    Sep 12, 2024
    Days on Market:
    633
    Last Refresh:
    May 13 at 8:35 pm

    Property Features for 6570 State Highway 56

    General Information

    Standard status
    Active
    Size
    7,054 SF
    Lot size
    1.70 Acres
    Property subtype
    General Commercial

    Building Details

    Year Built
    1957

    We can help!

    Listing Contact
    Jennifer Clark

    Listing agent Jennifer Clark

    Listing office Fiacco Realty, LLC

    Listing date Sep 12, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Fiacco Realty, LLC

    HighLights

    • Prime commercial location on heavily traveled Route 56 with exceptional visibility.
    • 1.7‑acre lot with 264 feet of road frontage.
    • Located within 12 miles of four major universities and blocks from Healthcare institutions and offices.
    • High‑traffic exposure and convenience due to surrounding well‑established businesses.
    • Offers a multitude of redevelopment possibilities for various commercial ventures.
    • Zoning: H‑D

    Overview

    This 1.7-acre commercial property is located on Route 56 in Potsdam, offering significant visibility and access. The lot features 264 feet of road frontage, positioning it within a high-traffic commercial area. The surrounding area includes established businesses and is located within 12 miles of four major universities and blocks from healthcare institutions and offices. The property includes a 7,054 sq ft building, formerly a motel, which is currently in poor condition. The primary value of the property is in the land, which presents various redevelopment opportunities for commercial ventures. This property offers an investment opportunity in a strategically located commercial area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Potsdam
    County
    St. Lawrence
    State
    New York
    Longitude
    -74.985701
    Latitude
    44.69065

    Nearby Similar for Sale

    • $249,000
      5,342 SF

      Three-Story Office Building

      Multi-level commercial building with covered entry and multiple bathrooms, plus basement utilities and on-site rear parking.
      24 Main St, Potsdam, NY 13676
      View Details
    • $450,000
      2,787 SF

      High-Visibility Commercial Property with River Views

      Turnkey commercial property with high visibility and flexible potential.
      29 Maple Street, Potsdam, NY 13676
      View Details
    • $1,150,000
      5,129 SF

      Potsdam Commercial Opportunity For Sale

      Prime commercial lots in Potsdam, NY, ideal for development.
      59 Maple Street, Potsdam, NY 13676
      View Details
    • $495,000
      2,832 SF

      Renovated Retail Facility Near Lowe's

      Freestanding, renovated 2,830 SF retail facility on 1-acre lot.
      60 Country Lane, Potsdam, NY 13676
      View Details
    • $495,000
      2,832 SF

      Renovated Retail Facility Near Lowe's

      Freestanding, renovated 2,830 SF retail facility near Lowe's.
      60 Country Lane, Potsdam, NY 13676
      View Details
    • $1,500,000
      9,760 SF

      Commercial Property on State Highway

      89-acre commercial property with retail, warehouse, and parking.
      7364 US Highway 11, Potsdam, NY 13676
      View Details
    • $127,000
      4,310 SF

      Versatile Commercial Building in Potsdam

      Spacious building with flexible zoning in Potsdam's Innovation District.
      49 Elm St., Potsdam, NY 13676
      View Details
    • $280,000
      7,054 SF

      Prime Commercial Land on Route 56

      1.7-acre commercial lot with high visibility and redevelopment potential.
      6570 State Highway 56, Potsdam, NY 13676
      View Details
    • $700,000
      1,344 SF

      Potsdam Commercial Property with Drive-Through

      High-visibility commercial property with drive-through in Potsdam, New York.
      132 Market St, Potsdam, NY 13676
      View Details
    • $199,000
      18,720 SF

      Potsdam Super Market with Equipment

      Functional supermarket with equipment on leased lot in Potsdam.
      27 Elm Street, Potsdam, NY 13676
      View Details
    • $850,000
      1,344 SF

      Potsdam Commercial Property with Drive-Through

      Prime commercial property with existing drive-through and expansion potential.
      132 & 134 Market St, Potsdam, NY 13676
      View Details
    • $460,000
      8,000 SF

      Versatile Commercial/Residential Flex Space

      6,000 sq ft space with 2,000 sq ft loft.
      668 Noyes Road, Potsdam, NY 13676
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.7-acre commercial lot with high visibility and redevelopment potential.
    Where is this commercial land located?
    The property is located at 6570 State Highway 56 Potsdam, NY.
    What is the asking price?
    The asking price for this property is $284,900.
    What are key features of this property?
    This property features: Prime commercial location on heavily traveled Route 56 with exceptional visibility.; 1.7‑acre lot with 264 feet of road frontage.; Located within 12 miles of four major universities and blocks from Healthcare institutions and offices.
    (315) 854-7529
    We can help!
    Listing Contact
    Jennifer Clark
    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

    Thank You for Inquiry
    6570 State Highway 56, Potsdam, NY 13676
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!