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Property profile & analytics
FOR SALE
Office buildings

71 Market St Potsdam, NY 13676

7,315 SF 0.37 ac lot Built 1950
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US63-2402779
Property summary
AI-generated overview

This exceptional 7,500 square foot brick commercial building in Potsdam, NY, presents a turnkey investment opportunity. Boasting excellent street visibility, the property features four currently rented spaces, offering immediate income potential. Three front-facing units provide diverse layouts, including reception areas, multiple offices, conference rooms, kitchenettes, and ample storage. One unit features a large open area, perfect for various uses. The rear of the building houses a dance studio with high ceilings and a separate room, plus a heated warehouse with a loading dock and man door access to the rear parking lot. Additional features include shared tenant bathrooms and a utility room. The building's design allows for potential expansion with a second story, offering significant future development possibilities. The sale includes only the building

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Total area 7,315 SF
Lot 0.37 ac (15,910 SF)
Zoning code 01 - NOT ZONED
APN 407403 64.058-3-14
UPID US63-2402779
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • All About Me Orthotics & Prosthetics Service
  • The Robot Zone Engineering Consultant After School Program
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
William G Melchior · 1 yrs held
William G Melchior
since 2024
2 recorded transactions
2024
Price N/A
1969
Price N/A
Zoning & alternative use
01 - NOT ZONED · Potsdam, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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