Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Restaurant Building with Additional Parcel Title is generated by Realmo AI

    900 State Street, Ogdensburg, NY 13669

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

    Land, building, and restaurant contents included in sale.

    Type:Commercial/Industrial
    Property size:
    2,940 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $134/SF
    Added:
    Feb 8, 2025
    Days on Market:
    467
    Last Refresh:
    May 19 at 11:15 pm

    Property Features for 900 State Street

    General Information

    Standard status
    Active
    Size
    2,940 SF
    Lot size
    0.18 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    Anthony Paone
    Anthony Paone

    Listing agent Anthony Paone License #10311205565

    Listing office RE/MAX ONE

    Listing date Feb 8, 2025

    Source Exitrealty

    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 RE/MAX ONE

    HighLights

    • Includes land, building, and restaurant contents.
    • Sale includes a single‑family home at 314 Canton St, providing lease income.
    • Possible owner financing available.
    • Part of a five‑parcel package sale (MLS# S1583904).
    • Includes tax records, property information, and maps for all five parcels.
    • Parking available (count may include 830 State St).

    Overview

    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.
    Property Profile Insight Report 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
    -75.4868
    Latitude
    44.6912

    Nearby Similar for Sale

    • $250,000

      Turnkey Restaurant Opportunity, Ogdensburg, NY

      Fully operational deli and ice cream shop on high-traffic Route.
      4962 State Highway 68, Ogdensburg, NY 13669
      View Details
    • $750,000

      Historic Church & Rectory Compound

      Architecturally significant church and rectory with endless potential.
      502 - 508 Caroline St, Ogdensburg, NY 13669
      View Details
    • $1,400,000
      17,100 SF

      Turn-Key Automotive Commercial Property

      Established automotive business with equipment, software, and expansion potential.
      1111 Paterson Street, Ogdensburg, NY 13669
      View Details
    • $699,000

      Turnkey Restaurant Opportunity

      Popular restaurant with outdoor seating and expansion potential.
      1702 Ford Street, Ogdensburg, NY 13669
      View Details
    • $250,000

      Versatile Commercial Space in Ogdensburg

      Adaptable commercial space with gym, hall, and office areas.
      401 Franklin Street, Ogdensburg, NY 13669
      View Details
    • $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
    • $225,000
      2,672 SF

      Mixed-Use Property in Ogdensburg, NY

      Mixed-use property with apartment and salon in Ogdensburg, NY.
      1028 Ford Street, Ogdensburg, NY 13669
      View Details
    • $595,000

      Ogdensburg Commercial Property with Carwash

      Operating carwash with apartments and commercial space in Ogdensburg, NY.
      619 Canton Street, Ogdensburg, NY 13669
      View Details
    • $225,000

      Established Salon with Rental Income

      Turnkey salon with apartment and rental income in Ogdensburg.
      1028 Ford Street, Ogdensburg, NY 13669
      View Details
    • $195,000
      2,560 SF

      Ogdensburg Multifamily Property For Sale

      Well-maintained four-unit apartment building with updated features and ample parking.
      700 State Street, Ogdensburg, NY 13669
      View Details
    • $69,500
      1,380 SF

      Well-Kept Duplex Investment Opportunity

      Duplex with long-term tenants and river views in Ogdensburg, NY.
      1-3 Grove Street, Ogdensburg, NY 13669
      View Details
    • $175,000
      27,333 SF

      Downtown Ogdensburg Commercial Space

      Former mall with potential for various commercial uses.
      207-215 Ford Street, 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 Street 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
    We can help!
    Listing Contact
    Anthony Paone
    Anthony Paone
    Real Estate License ID: 10311205565
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    900 State Street, Ogdensburg, NY 13669
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!