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Property profile & analytics
OFF-MARKET
Commercial real estate

26216 State Route 283 Watertown, NY 13601

4,730 SF 2.13 ac lot Built 1987
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1987
Total area 4,730 SF
Lot 2.13 ac (92,783 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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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