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    OFF-MARKET
    Commercial real estate

    5428 37, Oswegatchie, NY 13669

    90,001 SF 236.3 ac lot Built 1959
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Commercial real estate
    Year built 1959
    Total area 90,001 SF
    Lot 236.3 ac (10,293,228 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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