The property at 650 State Street in Watertown, New York consists of an existing former grocery store site with retail-oriented improvements that can serve as a starting point for redevelopment and adaptive reuse. It is situated in a densely populated area of the city, positioned for neighborhood-oriented commercial activity. The premises are configured as an existing retail footprint, generally suited for redevelopment into a new retail use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?

Assessed value · 2023$3.00M

Assessed land$274k

Assessed improvement$2.73M

Value estimate

· Oct 2026

$435k

$392k – $479k

AI approach$555k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

UMU

Urban Mixed Use (UMU). The UMU district functions as a downtown transition zone and is generally located at the edge of the Downtown Dist...

General categoryMIXED_USE

JurisdictionJEFFERSON

Location intelligence

Which uses thrive at this corner?

Best fit: Carpet & Flooring Store

Demand index

Carpet & Flooring Store9.4

Cafe & Coffee Shop9.1

Tech Support Center9.0

650 State St Watertown, NY 13601

County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

14 properties nearby

No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.

Comparable nearby

Value Estimation
$1,980,000

18,175 SF

238 Arsenal St

MEDICAL CLINIC

238 Arsenal St, Watertown, NY 13601-2504

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Value Estimation
$340,000

158,186 SF

133 Pratt St

MEDICAL CLINIC

133 Pratt St, Watertown, NY 13601-4300

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Value Estimation by Request
11,897 SF

18564 Us-11

Medical Office Space

18564 Us-11, Watertown, NY 13601

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Value Estimation by Request
5,600 SF

26495 State Route 3

Medical Office Space

26495 State Route 3, Watertown, NY 13601

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Value Estimation by Request
11,280 SF

18564 Us-11

Medical Office Space

18564 Us-11, Watertown, NY 13601

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Two-Floor Office Building with Basement

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Three-Story Office Building

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Two-Building Mixed-Use Property

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Mixed-Use Office and Apartment

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Versatile Commercial Building in Watertown

Adaptable building in high-traffic area, suitable for various businesses.

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Similar Nearby for Lease

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Flexible Office Units With Reception

Well-maintained professional space offers private rooms, client accommodations, and landlord-managed exterior maintenance.

1067 Marble St, Watertown, NY 13601

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$20 SF/Yr

Two-Story Office Building Near Medical Center

Two-story building with windowed private offices, positioned across from Samaritan Medical Center on Washington Street.

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Contact for pricing

Office Suite at Cedar Square Park

Flexible office suites for lease in a park setting with signal-controlled entrance and abundant parking.

1116 Arsenal Street, Watertown, NY 13601

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650 State St Watertown, NY 13601

Property summary