22 Clinton St Gouverneur, NY 13642

Property Details for 22 Clinton St

Year built

1950

Lot size

0.21 lot acres

Property size

21,888 SF

Zone code

R1

Property type

Showrooms

APN

404001 173.032-2-1

APU

40400117303221

Description

This exceptional retail investment opportunity presents a 6,200-square-foot building situated on a 0.64-acre lot at 22 Clinton St, Gouverneur, NY 13642. The property boasts a strong 7.80% capitalization rate, driven by a stable, long-term net lease with a corporate guarantor. The current tenant, Rent-A-Center, has occupied the space since October 6, 1996, under a lease expiring November 30, 2030, leaving over six years remaining. The annual net operating income (NOI) is $39,714. The property benefits from a recent renovation completed in 2023, ensuring modern appeal and functionality. Located in a high-traffic area with over 4,600 vehicles daily on Clinton Street and an additional 11,800 on nearby W Main Street, the property enjoys excellent visibility and accessibility. The surrounding area features a dense retail corridor with national brands like Dollar General, Subway, Dunkin', McDonald's, and 7-Eleven, further enhancing its desirability. The proximity to Gouverneur High School (enrollment over 450 students) and RRH Gouverneur Hospital (25 beds) adds to the property's strategic location and potential for sustained growth. The building was originally constructed in 1950. This is a rare opportunity to acquire a well-located, income-producing retail property with a strong tenant and significant remaining lease term. The lease is a Double Net (NN) lease, minimizing landlord responsibilities.

Location Insight

City

Gouverneur

County

St. Lawrence

State

New York

Longitude

-75.4692

Latitude

44.3358

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments