Property summary
This exceptional investment opportunity encompasses two historic commercial buildings totaling 124,465 square feet situated on a 1.12-acre lot in Watertown, NY's desirable Factory Square. The property boasts unparalleled waterfront access along the scenic Black River, offering immediate proximity to the city's downtown business district. The Fairbanks Building, comprising 18,000 square feet, previously served retail and storage needs. The adjacent Factory Square Building, a substantial 100,000+ square foot structure, holds significant historical value as the former home of the H.H. Babcock Buggy Company, renowned for its carriage, buggy, automobile body, and parts manufacturing. Both buildings feature attractive architectural details, high ceilings, functional cargo elevators, and modern sprinkler systems, making them adaptable to a wide range of commercial uses. Their historical significance and prime waterfront location present a unique redevelopment opportunity, suitable for retail, office space, or mixed-use projects. This is a rare chance to acquire a piece of Watertown's history with direct downtown access, presenting significant potential for investors seeking restoration or repurposing projects. The asking price for this remarkable property is $1,900,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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