Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    900 State St Ogdensburg, NY 13669

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $395,000

    Land, building, and restaurant contents included in sale.

    Property size:
    2,940 SF
    Lot size:
    0.18 Acres

    Property Features for 900 State St

    General Information

    Standard status
    Active
    Size
    2,940 SF
    Lot size
    0.18 Acres

    Building Details

    Year built
    1968

    We can help!

    Listing Contact
    Anthony Paone
    Anthony Paone
    Source: Exitrealty

    Listing Agency: RE/MAX ONE Listing Agent: Anthony Paone

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

    Learn more

    Overview

    Restaurant Building with Additional Parcel

    The property at 900 State St includes the land, building, and restaurant contents. The sale also includes 314 Canton St, a single-family property that generates lease income. The tax record does not reflect the correct square footage of the property, which is 2940 square feet. This property is also part of a five-parcel package sale.
    Location Intelligence

    Current Use by Public Records

    Little Italy Pizzeria Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogdensburg
    County
    St. Lawrence
    State
    New York
    Longitude
    -75.4867895
    Latitude
    44.6912374

    Nearby Similar for Sale

    • $500,000
      1.00 Acre

      Established Store and Redemption Business

      Turn-key convenience store and bottle/can redemption business for sale.
      7211 State Highway 68, Ogdensburg, NY 13669
      View Details
    • $1,200,000
      27,254 SF

      Versatile Waterfront Commercial Building

      27254 SqFt mixed-use building in Downtown Ogdensburg, NY for sale.
      100 Ford Street Ext, Ogdensburg, NY 13669
      View Details
    • $254,500
      0.44 Acres

      Versatile Commercial Space in Ogdensburg

      Adaptable commercial space with gym, hall, offices, and ample parking.
      401 Franklin St, Ogdensburg, NY 13669
      View Details
    • $299,900

      Prime Corner Retail Opportunity

      Renovated building suitable for office, retail, or restaurant use.
      302-306 Ford Street Ext, Ogdensburg, NY 13669
      View Details
    • $595,000
      Pending

      Ogdensburg Commercial Property with Carwash

      Operating carwash with apartments and commercial space in Ogdensburg, NY.
      619 Canton St, Ogdensburg, NY 13669
      View Details
    • New
      $105,000
      2,585 SF

      Renovated Two-Unit Investment Property

      Turnkey two-unit property in Ogdensburg, fully renovated for immediate income.
      934 Knox St, Ogdensburg, NY 13669
      View Details
    • $699,000

      Turnkey Restaurant with River Views

      Successful restaurant with outdoor patio, bar, and river views.
      1702 Ford Street Ext, Ogdensburg, NY 13669
      View Details
    • $44,500
      2,416 SF

      Two-Family Property Ready for Transformation

      Two-story multi-family property in Ogdensburg, NY, ready for renovation.
      904 Ford Street Ext, Ogdensburg, NY 13669
      View Details
    • $299,000

      Mixed-Use Opportunity in Ogdensburg, NY

      Versatile property suitable for various commercial and residential ventures.
      732 Ford Street Ext, Ogdensburg, NY 13669
      View Details
    • $49,000
      Pending

      Ogdensburg Duplex with Bonus Apartment

      Duplex with bonus apartment, metal roof, and fenced yard.
      325 Rosseel St, Ogdensburg, NY 13669
      View Details
    • New
      $119,900
      5,518 SF

      Mixed-Use Property with Rental Income

      Commercial space with rental units and house attached.
      1302 Ford Street Ext, Ogdensburg, NY 13669
      View Details
    • New
      $119,900
      5,518 SF

      Ogdensburg Mixed-Use Investment Opportunity

      Commercial space with rental units and attached house for sale.
      1302 Ford Street Ext, Ogdensburg, NY 13669
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Land, building, and restaurant contents included in sale.
    Where is this conventional restaurant located?
    The property is located at 900 State St Ogdensburg, NY.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Includes land, building, and restaurant contents.; - Sale includes a single-family home at 314 Canton St, providing lease income.; - Possible owner financing available.
    (315) 480-5555
    Request Owner's contact information
    900 State St Ogdensburg, NY 13669
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    900 State St
    Ogdensburg, NY 13669
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    900 State St Ogdensburg, NY 13669
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Anthony Paone
    Anthony Paone
    Real Estate License ID: 10311205565
    (315) 480-5555 (315) 420-4555 (315) 284-1700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!