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    507 Factory St Watertown, NY 13601

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    For Sale
    $75,000

    Large commercial building in downtown Watertown with redevelopment potential.

    Lot size:
    0.33 Acres

    Property Features for 507 Factory St

    General Information

    Lot size
    0.33 Acres

    Building Details

    Year built
    1950

    Source: Keller Williams Northern New York Agent Noah Taylor

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Watertown Commercial Building For Sale

    This commercial building, formerly a firehouse and later a business, is located in downtown Watertown. The property features 6,360 sq. ft. of interior space and is situated on a high-traffic street, offering excellent visibility. The building requires rehabilitation but presents redevelopment or repurposing potential for investors due to its size, location, and historic character.
    Insight Report Location Intelligence

    Current Use by Public Records

    Griff's Bottle & Can ... Bottle & Can Redemption Center Old Factory Street ... Historical Landmark

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair 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
    -75.9014518
    Latitude
    43.9773258

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    FAQs

    What type of property is this?
    Storefront property - Large commercial building in downtown Watertown with redevelopment potential.
    Where is this storefront property located?
    The property is located at 507 Factory St Watertown, NY.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Large 6,360 sq. ft. interior space.; - Prime downtown Watertown location.; - High-traffic street with excellent visibility.
    (315) 778-6473
    Request Owner's contact information
    507 Factory St 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
    507 Factory St Watertown, NY 13601
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