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    Watertown Automotive Retail Opportunity Title is generated by Realmo AI

    18675 US Rte 11, Watertown, NY

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    Former Kia dealership in Watertown's automotive corridor.

    Type:RETAIL
    Property size:
    6,900 SF
    Lot size:
    2.81 Acres
    Price / SF:
    $144/SF
    Added:
    Jun 23, 2023
    Days on Market:
    1084
    Last Refresh:
    May 19 at 9:11 pm

    Property Features for 18675 US Rte 11

    General Information

    Standard status
    Active
    Size
    6,900 SF
    Lot size
    2.81 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Shannon Older
    Shannon Older

    Listing agent Shannon Older

    Listing office Atlantic Retail | Albany

    Listing date Jun 23, 2023

    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 Atlantic Retail | Albany

    HighLights

    • 250’ of frontage on Route 11
    • Located in the center of Watertown’s automotive and service corridor
    • Features 5 service bays and 1 customer service garage
    • Zoning: B‑Business
    • Former Kia dealership
    • Renovated in 2009

    Overview

    Located in the center of Watertown’s automotive and service corridor, this property formerly served as a Kia dealership. Constructed in 1997 and renovated in 2009, the building features 250 feet of frontage on Route 11. The property includes 5 service bays and 1 customer service garage. The property is zoned B-Business and has a property size of 6,900 square feet.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $124.2k $18.00
    − Vacancy −$5.2k −$0.76
    EGI $119.0k $17.24
    − OpEx −$35.7k −$5.17
    NOI $83.3k $12.07
    6,900 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.19M
    $1.04M – $1.39M (±1% cap)
    NOI $83,289 @ 7.0% cap · market cap 8.37%
    Second Best
    Industrial
    $609.6K
    $533.4K – $711.3K (±1% cap)
    NOI $42,675 @ 7.0% cap · market cap 4.29%
    Theoretical Best
    Office A
    $1.90M
    $1.66M – $2.22M (±1% cap)
    NOI $133,142 @ 7.0% cap · market cap 13.38%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Nail Salon Pharmacy Kitchen & Bath Showroom

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

    Similar Places Nearby

    • A&M Auto — 17754 US-11, Watertown, NY 13601
    • First Class Auto Glass — 5306, 21461 ny-232, watertown, ny 13601
    • Load's Wrecker Services — 21218 NY-232, Watertown, NY 13601
    • Discount Auto Glass — 21461 NY-232, Watertown, NY 13601
    • Kidder Automotive — 21461 NY-232, Watertown, NY 13601

    Location Insight

    • Map
    • Local Demand
    City
    Watertown
    County
    Jefferson
    State
    New York
    Longitude
    -75.9308
    Latitude
    43.9352

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    FAQs

    What type of property is this?
    Auto shop - Former Kia dealership in Watertown's automotive corridor.
    Where is this auto shop located?
    The property is located at 18675 US Rte 11 Watertown, NY.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: 250’ of frontage on Route 11; Located in the center of Watertown’s automotive and service corridor; Features 5 service bays and 1 customer service garage
    (518) 785-8200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shannon Older
    Shannon Older
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