Property summary
This exceptional commercial property, located at 5428 Route 37 in Oswegatchie, NY, presents a unique investment opportunity. Encompassing 236.3 acres of land, the property boasts over 90,000 square feet of usable space distributed across five buildings. Originally constructed in 1959 for Mater Dei College, the buildings previously served as administrative offices, faculty spaces, classrooms, and student dormitories. The property's strategic location offers unparalleled access to key regional attractions, including the Ogdensburg-Prescott International Bridge, Ottawa, Ontario, the Thousand Islands, and the Adirondack Park. The expansive land features 1430 feet of frontage along Route 37, extending 5754 feet back to Haggart Road, and is situated within a few hundred feet of 290 acres of state land. While the property has been unoccupied since 2009, its substantial size and prime location make it an attractive prospect for a wide range of redevelopment projects. The sheer scale of the property, combined with its convenient access to major transportation routes and tourist destinations, presents a compelling opportunity for investors seeking a large-scale commercial venture. The existing buildings offer a solid foundation for adaptive reuse or potential demolition to make way for new construction. This is a rare chance to acquire a significant landholding with exceptional potential in a desirable location.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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