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26216 State Route 283 Watertown, NY 13601
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26216 State Route 283 Watertown, NY 13601


  • Commercial real estate
  • 4,730 SF
  • 2.13 lot acres
Watertown Commercial Strip Mall Investment For Sale
$350,000
4,730 SF

Watertown Commercial Strip Mall Investment

High-traffic, fully leased, immediate return.

26216 State Route 283, Watertown, NY 13601
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Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Commercial real estate

Property Details for 26216 State Route 283

Year built
1987
Lot size
2.13 lot acres
Property size
4,730 SF
Property type
Commercial real estate

Description

This exceptional investment opportunity presents a fully leased three-unit strip mall in Watertown, NY, ideally situated on a high-traffic corner lot. Boasting a total of 4,730 square feet on a 2.13-acre parcel, this property offers immediate and substantial income generation. The current tenants ensure a consistent cash flow, making this an attractive proposition for savvy investors. The property includes two separate tax parcels (74.16-15.91, measuring 65x264 feet, is included), providing flexibility and potential for future expansion. The ample 2.13-acre lot offers significant room for additional development, such as a convenience store or gas station, capitalizing on the high volume of traffic in this prime location just outside Fort Drum and Watertown. The existing structure features plenty of parking, ensuring convenient access for tenants and customers. This turnkey operation is priced competitively, presenting a rare chance to acquire a profitable commercial property with significant upside potential. The property's self-sufficient nature and established tenant base make it an ideal investment for those seeking immediate returns and long-term growth.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
Watertown
County
Jefferson
State
New York
Longitude
-75.8483
Latitude
44.0056
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More about this property
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