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    OFF-MARKET
    Commercial land

    1 Franklin St, Ogdensburg, NY 13669

    1.32 ac lot Built 1970
    Individually Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-2510992
    Property summary
    AI-generated overview

    This exceptional 550,000 USD commercial property boasts an unparalleled location on the St. Lawrence River in Ogdensburg, New York. The lot offers an impressive 209 feet of river frontage and extends 275 feet deep, providing ample space for a variety of commercial developments. A significant advantage is the presence of a large paved parking lot, eliminating the need for extensive site preparation. The property's previous connection to city water and sewer services, along with existing electric service, simplifies the development process and reduces initial infrastructure costs. Its strategic location offers easy access to key amenities and attractions. The Ogdensburg Greenbelt and Marina are within close proximity, as is the Patterson Street City boat launch. Furthermore, the renowned Remington Museum and the vibrant downtown area are conveniently within walking distance, ensuring high visibility and accessibility for any commercial venture. This unique offering presents a rare chance to capitalize on the stunning riverfront setting and the thriving community of Ogdensburg. The property's size and existing infrastructure make it an ideal site for a diverse range of commercial uses, from restaurants and retail spaces to offices and recreational facilities. Don't miss this exceptional opportunity to establish a thriving business in a prime location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1970
    Lot 1.32 ac (57,499 SF)
    APN 401200 48.071-1-3
    UPID US63-2510992
    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
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Stuart M Rishe · 5 yrs held
    Stuart M Rishe
    since 2021
    3 recorded transactions
    2021
    $150,000
    2013
    $149,000
    2006
    $581,872
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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