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    OFF-MARKET
    Land

    202 County Rte, Watertown, NY 13601

    54.58 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 54.58-acre parcel in Jefferson County, New York, presents a unique investment opportunity. Previously approved for a substantial 359-unit residential development, this land is zoned for Neighborhood Commercial use and offers significant potential for immediate development. The approved plan includes thirteen 5-unit apartment buildings and forty-two 7-unit apartment buildings, totaling 359 residential units. Further enhancing the project's appeal are plans for a substantial 5,500+ square foot clubhouse and a 1,600+ square foot maintenance building. The property's strategic location offers unparalleled convenience, situated less than a mile from I-81's Arsenal Street exit (Route 3), providing easy access to major transportation routes. Its proximity to downtown Watertown (3 miles) and Fort Drum (10 miles) ensures strong demand and a robust rental market. The site is located at County Route 202, Watertown, NY 13601, and is ready for immediate development, offering a rare chance to capitalize on a pre-approved, large-scale residential project in a high-demand area. This is a prime opportunity for developers seeking a turnkey project with significant upside potential. All necessary approvals are in place, streamlining the development process and minimizing delays. Don't miss this chance to acquire a substantial land holding with a proven development plan in a thriving New York community.

    Property profile
    Verified
    Property type Land
    Lot 54.58 ac (2,377,505 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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    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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