Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    County Rte 202 Watertown, NY 13601

    Sponsored
    For Sale
    Contact for pricing

    54-Acre Commercial Land, Approved Project

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 54.58-acre parcel in Jefferson County, New York, presents a unique investment opportunity. Previously approved for a substantial 359-unit residential development, this land is zoned for Neighborhood Commercial use and offers significant potential for immediate development. The approved plan includes thirteen 5-unit apartment buildings and forty-two 7-unit apartment buildings, totaling 359 residential units. Further enhancing the project's appeal are plans for a substantial 5,500+ square foot clubhouse and a 1,600+ square foot maintenance building. The property's strategic location offers unparalleled convenience, situated less than a mile from I-81's Arsenal Street exit (Route 3), providing easy access to major transportation routes. Its proximity to downtown Watertown (3 miles) and Fort Drum (10 miles) ensures strong demand and a robust rental market. The site is located at County Route 202, Watertown, NY 13601, and is ready for immediate development, offering a rare chance to capitalize on a pre-approved, large-scale residential project in a high-demand area. This is a prime opportunity for developers seeking a turnkey project with significant upside potential. All necessary approvals are in place, streamlining the development process and minimizing delays. Don't miss this chance to acquire a substantial land holding with a proven development plan in a thriving New York community.

    Property Features for 0 County Rte 202

    General Information

    Property type
    Land
    Lot Size
    2,377,505 SF

    HighLights

    • 54.58‑acre parcel in Jefferson County, NY, zoned for Neighborhood Commercial use.
    • Pre‑approved for a 359‑unit residential development (13 five‑unit & 42 seven‑unit buildings).
    • Includes plans for a 5,500+ sq ft clubhouse and a 1,600+ sq ft maintenance building.
    • Less than one mile from I‑81 (Route 3), three miles from downtown Watertown, and ten miles from Fort Drum.
    • All necessary approvals in place for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Watertown
    County
    Jefferson
    State
    New York
    Longitude
    -75.9613965
    Latitude
    43.983965

    Nearby Similar for Sale

    • $629,000
      6,880 SF

      Watertown Multifamily Income Opportunity

      Eleven-unit multifamily property in Watertown, NY, with strong income potential.
      138 W Main St, Watertown, NY 13601
      View Details
    • $320,000
      2,595 SF

      Watertown Triplex on Large Lot

      Well-maintained triplex with income potential in a desirable location.
      1011 Gotham St, Watertown, NY 13601
      View Details
    • $230,000
      2,350 SF

      Watertown Duplex: Income Potential

      Fully rented duplex in Watertown, NY with recent renovations.
      304 Mullin St, Watertown, NY 13601
      View Details
    • $129,900
      1,594 SF

      Watertown Two-Unit Home with Garage

      Well-maintained 2-unit home with garage and additional lots.
      148 E Division St, Watertown, NY 13601
      View Details
    • $139,900
      1,444 SF

      Watertown Multi-Unit Turnkey Property

      Turnkey duplex with immediate cash-flow potential in Watertown, NY.
      827 Ann St, Watertown, NY 13601
      View Details
    • New
      $230,000
      2,220 SF

      Watertown Multifamily Property with Garage

      Two-unit property with separate utilities, flexible for various ownership goals.
      512 Hamlin St, Watertown, NY 13601
      View Details
    • $450,000
      5,344 SF

      Historic Downtown Watertown Commercial Property

      Historic commercial property in downtown Watertown with high visibility and foot traffic.
      18-24 Public Sq, Watertown, NY 13601
      View Details
    • $99,000
      Pending

      Watertown Duplex: Prime Location

      Charming duplex near downtown Watertown amenities and services.
      317 Academy St, Watertown, NY 13601
      View Details
    • $123,500
      1,276 SF

      Watertown Two-Unit Vacant Property

      Vacant two-unit property, centrally located, good investment opportunity.
      127 High St, Watertown, NY 13601
      View Details
    • $229,900
      4,969 SF

      Watertown Investment Opportunity: Multi-Unit Building

      Renovated four-unit building with additional house to finish.
      317 Clay St, Watertown, NY 13601
      View Details
    • $105,000
      Pending

      Watertown Duplex Investment Opportunity

      Fully occupied duplex in Watertown, NY with strong rental potential.
      1200 Bronson St, Watertown, NY 13601
      View Details
    • $87,500
      1,734 SF

      Watertown Duplex Investment Opportunity

      Duplex in Watertown, great investment potential, priced to sell.
      682 Bronson St, Watertown, NY 13601
      View Details

    FAQs

    What type of property is this?
    Land - 54-Acre Commercial Land, Approved Project
    Where is this land located?
    The property is located at County Rte 202 Watertown, NY.
    What are key features of this property?
    This property features: 54.58-acre parcel in Jefferson County, NY, zoned for Neighborhood Commercial use.; Pre-approved for a 359-unit residential development (13 five-unit & 42 seven-unit buildings).; Includes plans for a 5,500+ sq ft clubhouse and a 1,600+ sq ft maintenance building.
    (585) 248-9426
    Request Owner's contact information
    County Rte 202 Watertown, NY 13601
    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.
    County Rte 202
    Watertown, NY 13601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    County Rte 202 Watertown, NY 13601
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.