Established Waterfront Business and Property

115 Main St, Ogdensburg, NY

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For Sale

Contact for pricing

Multi-generational boat dealership, repair, and storage business for sale.

Type:INDUSTRIAL

Property size:

15,171 SF

Lot size:

3.12 Acres

Price / SF:

$108/SF

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).
Includes waterfront property.
Business includes boat repair and storage services.
Sale includes 6 parcels of land.

We can help!

Listing Contact

Kimberly Boynton

For Sale

Contact for pricing

Multi-generational boat dealership, repair, and storage business for sale.

Type:INDUSTRIAL

Property size:

15,171 SF

Lot size:

3.12 Acres

Price / SF:

$108/SF

Added:: Sep 16, 2024
Days on Market:: 640
Last Refresh:: May 20 at 9:27 pm

Property Features for 115 Main St

General Information

Standard status: Active
Size: 15,171 SF
Lot size: 3.12 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Kimberly Boynton

Listing agent Kimberly Boynton

Listing office Cushman & Wakefield | Pyramid Brokerage - Syracuse

Listing date Sep 16, 2024

Source Moodyscre

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

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).
Includes waterfront property.
Business includes boat repair and storage services.
Sale includes 6 parcels of land.

Overview

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.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$143.8k	$9.48
− Vacancy	−$10.1k	−$0.66
EGI	$133.8k	$8.82
− OpEx	−$20.1k	−$1.32
NOI	$113.7k	$7.49

15,171 SF · lease $9.48/SF/yr · vacancy 7.00% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,691 @ 7.0% cap · market cap 6.89%

Second Best

Industrial

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,628 @ 7.0% cap · market cap 5.67%

Theoretical Best

Office A

$3.76M

$3.29M – $4.39M (±1% cap)

NOI $263,466 @ 7.0% cap · market cap 15.97%

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

Property Profile Location Intelligence

Current Use by Public Records

Marinas

Suggested Use

Location Insight

Map
Local Demand

City: Ogdensburg
County: St. Lawrence
State: New York
Longitude: -75.4993
Latitude: 44.6937

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For sale
Marinas
NY
Ogdensburg
115 Main St

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).

115 Main St, Ogdensburg, NY

Multi-generational boat dealership, repair, and storage business for sale.

Property Features for 115 Main St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Veterinary Clinic with Dedicated Exam Rooms

Turnkey Deli and Ice Cream

Historic Church & Rectory Compound

Ogdensburg Commercial Building with Water View

Turn-Key Automotive Commercial Property

Flex Space with Warehouse and Rental

Operating Car Wash with Apartments

Turnkey Restaurant with River Views

Spacious Duplex with Porches

Flex Space Property with Warehouse

Ogdensburg Multifamily Investment Opportunity

Renovated Two-Unit Investment Property

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