26216 State Route 283 Watertown, NY 13601
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.