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    26216 State Route 283 Watertown, NY 13601

    Sponsored
    For Sale
    $350,000

    High-traffic, fully leased, immediate return.

    Property size:
    4,730 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a fully leased three-unit strip mall in Watertown, NY, ideally situated on a high-traffic corner lot. Boasting a total of 4,730 square feet on a 2.13-acre parcel, this property offers immediate and substantial income generation. The current tenants ensure a consistent cash flow, making this an attractive proposition for savvy investors. The property includes two separate tax parcels (74.16-15.91, measuring 65x264 feet, is included), providing flexibility and potential for future expansion. The ample 2.13-acre lot offers significant room for additional development, such as a convenience store or gas station, capitalizing on the high volume of traffic in this prime location just outside Fort Drum and Watertown. The existing structure features plenty of parking, ensuring convenient access for tenants and customers. This turnkey operation is priced competitively, presenting a rare chance to acquire a profitable commercial property with significant upside potential. The property's self-sufficient nature and established tenant base make it an ideal investment for those seeking immediate returns and long-term growth.

    Property Features for 26216 State Route 283

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,730 SF
    Lot Size
    92,783 SF

    Building Details

    Year Built
    1987
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Auto Repair Shop Kitchen & Bath Storage Facility Veterinary Clinic Barber Shop Plumbing Service Pet Grooming Service Tailor Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Jefferson
    State
    New York
    Longitude
    -75.84831
    Latitude
    44.00557

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic, fully leased, immediate return.
    Where is this commercial real estate located?
    The property is located at 26216 State Route 283 Watertown, NY.
    What is the asking price?
    The asking price for this property is $350,000.
    (315) 649-3434
    Request Owner's contact information
    26216 State Route 283 Watertown, NY 13601
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    Watertown, NY 13601
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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
    26216 State Route 283 Watertown, NY 13601
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