Established Waterfront Business and
115 Main St, Ogdensburg, NY
For Sale
Contact for pricing
Multi-generational boat dealership, repair, and storage business for sale.
Property Size15,171 SF
Lot Size3.12 Acres
Price / SF$108.76
Days on Market790
Property Features for 115 Main St
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Syracuse
(315) 445-1030
Listed By:
Kimberly Boynton · License NY #10401380704
(315) 882-1178
Source:
Moodyscre
Added: Sep 16, 2024
Changed: Nov 7
Last Checked: Nov 12 at 7:59AM
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 Cushman & Wakefield | Pyramid Brokerage - Syracuse
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A well-established, multi-generational business and real property are available for sale. The offering includes a new and used boat dealership with repair and storage operations. The business is currently the area's sole dealer for White River Marine Group, manufacturers of Tracker, Sun Tracker, Nitro, Tahoe, and Ascend boats. The closest competing dealers are located more than 100 miles away. The property comprises six parcels, including waterfront access. The sale price covers both the business and the real property. Inventory will be determined separately at the time of sale. Tax map numbers for the parcels are: Golden Street: 83.041-3-23, Chapman Street: 83.041-1-13, 115 Main Street: 83.041-1-14, 205 Morris Street: 83.041-3-10, 801 Morris Street: 83.041-6-1 and Golden Street: 83.041-3-8.111. The property is located at 115 Main St, Ogdensburg, NY and has a size of 15171 square feet.
Key Highlights
- Established, multi‑generational boat dealership with real property included.
- Exclusive area dealer for White River Marine Group boats (Tracker, Sun Tracker, Nitro, Tahoe & Ascend).
- Significant market advantage due to lack of nearby competing dealers (over 100 miles away).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,691
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,273,820
$2.3M
Cap Rate 7%
$1,624,157
$1.6M
Cap Rate 9%
$1,263,233
$1.3M
Market Conditions
NOI Build-Up for 15,171 SF
Gross rent
$143.8K $9.48/SF
− Vacancy
−$10.1K −$0.66/SF
EGI
$133.8K $8.82/SF
− OpEx
−$20.1K −$1.32/SF
NOI
$113.7K $7.49/SF
Area
St. Lawrence County, NY
Vacancy
7.00%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,273,820
Cap Rate 7%
$1,624,157
Cap Rate 9%
$1,263,233
Alternative Uses
Best Use
Warehouse
$1.62M
$1.42M – $1.89M
NOI $113,691 @ 7.0% cap · market cap 6.89%
Second Best
Industrial
$1.34M
$1.17M – $1.56M
NOI $93,628 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,466 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
444
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Marina - Multi-generational boat dealership, repair, and storage business for sale.
Where is this marina located?
The property is located at 115 Main St Ogdensburg, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Established, multi‑generational boat dealership with real property included.; Exclusive area dealer for White River Marine Group boats (Tracker, Sun Tracker, Nitro, Tahoe & Ascend).; Significant market advantage due to lack of nearby competing dealers (over 100 miles away).
