Flex Space with
For Sale
$899,900
42685 NYS Route 12 LOT 5, Alexandria Bay, NY 13607
CommercialSale, Alexandria Bay, NY
Property Size6,600 SF
Lot Size3.14 Acres
Price / SF$136.35
Days on Market312
Property Features for 42685 NYS Route 12 LOT 5
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B
Zoning description
Business
Parking
25
Exterior features
PropaneTankLeased
Lot features
Irregular Lot
View
Water
Elementary school district
Thousand Islands
Middle school district
Thousand Islands
High school district
Thousand Islands
Directions
Watertown, take I-81 North to Exit 50s, turn towards Clayton. Property is less than a mile on the right. Watch for the following sign-On The River Construction.
Subdivision
Orleans-224600
Standard status
Active
APN
224600-013-010-0001-028-832
Size
6,600 SF
Lot size
3.14 Acres
Taxes and HOA fees
Tax Annual Amount
8300
Utilities
Heating system
Forced Air, Propane (Heating)
Cooling system
Central Air
Water front features
Stream, River Access
Building Details
Year built
2023
Floors in Building
1
Building materials
Frame, MetalSiding, StructuralInsulatedPanels
Roof type
Metal
Listing Agency:
Lake Ontario Realty, LLC
(315) 649-3434
Listed By:
Kiah Sugrue · License #10401293311
(315) 408-5277
Added: Nov 28, 2025
Changed: Sep 16
Last Checked: Oct 6 at 10:06PM
MLS# S1651731
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2023, this 6,600-square-foot flex property combines a finished showroom with an attached storage and work building. The 40-by-40-foot showroom includes two private offices, a conference room, an ADA-compliant bathroom, and a 10-foot covered entrance extending across three sides. The adjoining 100-by-50-foot structure is fully insulated and offers 16-foot ceilings, full electric service, a mechanical room, storage room, and an additional bathroom.
The property occupies 3.14 acres along NYS Route 12 in Alexandria Bay, with direct route access and a location described as part of a high-traffic corridor connecting the United States and Canada. B zoning, frame construction with metal siding and structural insulated panels, a metal roof, propane forced-air heat, and central air support a range of commercial operations. Stream and river access are also present on the property.
The property occupies 3.14 acres along NYS Route 12 in Alexandria Bay, with direct route access and a location described as part of a high-traffic corridor connecting the United States and Canada. B zoning, frame construction with metal siding and structural insulated panels, a metal roof, propane forced-air heat, and central air support a range of commercial operations. Stream and river access are also present on the property.
Key Highlights
- 6,600 SF flex facility on 3.14 acres
- 40‑by‑40‑foot finished showroom with two offices, conference room, and ADA‑compliant bathroom
- Attached 100‑by‑50‑foot insulated storage and work building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,566
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,320
$991.3K
Cap Rate 7%
$708,086
$708.1K
Cap Rate 9%
$550,733
$550.7K
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$62.6K $9.48/SF
− Vacancy
−$4.3K −$0.64/SF
EGI
$58.3K $8.84/SF
− OpEx
−$8.7K −$1.33/SF
NOI
$49.6K $7.51/SF
Area
Jefferson County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$991,320
Cap Rate 7%
$708,086
Cap Rate 9%
$550,733
Alternative Uses
Best Use
Warehouse
$708.1K
$619.6K – $826.1K
NOI $49,566 @ 7.0% cap · market cap 5.51%
Second Best
Industrial
$583.1K
$510.2K – $680.3K
NOI $40,819 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,354 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility combining customer-facing offices with insulated warehouse and workshop space.
Where is this flex space located?
The property is located at 42685 NYS Route 12 LOT 5 Alexandria Bay, NY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: 6,600 SF flex facility on 3.14 acres; 40‑by‑40‑foot finished showroom with two offices, conference room, and ADA‑compliant bathroom; Attached 100‑by‑50‑foot insulated storage and work building
