Two-Story Bar with Separate
12 James St, Alexandria Bay, NY 13607
For Sale
$800,000
Downtown corner property with two distinct bar and entertainment levels, flexible for separate operations or private events.
Property Size5,265 SF
Price / SF$151.95
Days on Market52
Property Features for 12 James St
General Information
Standard status
Size
Additional Details
Business Included
Corner Location
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
12 North Realty
Listed By:
Desiree Roberts · License #10401256718
(315) 244-5225
Source:
Skinnercnyrealty
Added: Sep 19
Changed: Oct 25
Last Checked: Oct 7 at 4:09PM
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 12 North Realty
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Investment Insights
Based on property information with market context.
Located at 12 James St in downtown Alexandria Bay, this 5,265-square-foot, two-story bar property was built in 1920 and occupies a prominent corner position. Each floor has its own full bar and private entrance, allowing the levels to function independently or support separate event formats.
The first floor includes a horseshoe-shaped bar, substantial seating, three speed wells, and a 12-tap glycol system. The upper level has been used as a dance club and entertainment venue. The property is surrounded by shops, restaurants, bars, and attractions, with exposure to seasonal events including Bikers Weekend, Blues in the Bay, and Pirates Weekend.
The first floor includes a horseshoe-shaped bar, substantial seating, three speed wells, and a 12-tap glycol system. The upper level has been used as a dance club and entertainment venue. The property is surrounded by shops, restaurants, bars, and attractions, with exposure to seasonal events including Bikers Weekend, Blues in the Bay, and Pirates Weekend.
Key Highlights
- 5,265 SF bar property at 12 James St, Alexandria Bay, NY 13607
- Two full bars, one on each floor
- Separate private entrances provide independent access to each level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,020
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,400
$1.1M
Cap Rate 7%
$771,714
$771.7K
Cap Rate 9%
$600,222
$600.2K
Market Conditions
NOI Build-Up for 5,265 SF
Gross rent
$75.2K $14.28/SF
− Vacancy
−$3.2K −$0.60/SF
EGI
$72.0K $13.68/SF
− OpEx
−$18.0K −$3.42/SF
NOI
$54.0K $10.26/SF
Area
Jefferson County, NY
Vacancy
4.20%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,400
Cap Rate 7%
$771,714
Cap Rate 9%
$600,222
Alternative Uses
Best Use
Specialty Retail
$771.7K
$675.3K – $900.3K
NOI $54,020 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,593 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 37%
Home Improvements & Furnishings 19%
Family Dollar
Shops & Services
3,221 visits/mo
0.3 miles
Jreck Subs
Dining
2,651 visits/mo
0.1 miles
Charles Garlock & Sons
Home Improvements & Furnishings
1,391 visits/mo
0.3 miles
Demographics for 13607, NY
1,610
Population
2,079
Households
0.8
Avg Household Size
52
Median Age
34%
College-Educated
96%
High-School Grad
16.3 sq mi
ZIP Area
99
Density / Sq Mi
$58,167
Median Household Income
$45,625
Median Earnings
$649
Median Rent
$168,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Skiffs — 12 James St, Alexandria Bay, NY 13607
- Downtown Club — 11/13 James St, Alexandria Bay, NY 13607
- Coleman's Dock Of The Bay — 2 James St, Alexandria Bay, NY 13607
- Sunken Rock Pub — James St, Church St, Alexandria Bay, NY 13607
- Riverboat Bar — 15 Church St, Alexandria Bay, NY 13607
Frequently Asked Questions
What type of property is this?
Bar & Pub - Downtown corner property with two distinct bar and entertainment levels, flexible for separate operations or private events.
Where is this bar & pub located?
The property is located at 12 James St Alexandria Bay, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 5,265 SF bar property at 12 James St, Alexandria Bay, NY 13607; Two full bars, one on each floor; Separate private entrances provide independent access to each level
