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Property profile & analytics
OFF-MARKET
Strip malls

1222 Arsenal St Watertown, NY 13601-2297

12,312 SF 6.11 ac lot Built 1972
Entity Owned Absentee Owner Free & Clear
Property ID
US63-5470835
Property summary
AI-generated overview

Stateway Plaza presents a prime retail investment opportunity in Jefferson County. This established shopping center boasts 231,650 square feet of total building space, currently featuring four suites. A significant 26,350 square feet is currently vacant, offering flexible lease options ranging from a minimum of 1,700 square feet to a maximum contiguous space of 20,000 square feet. The property enjoys a highly visible location with convenient access to I-81, a major thoroughfare ensuring high traffic counts and excellent visibility. Prominent pylon signage is available, further enhancing marketing potential. This location is situated within Watertown's largest retail corridor, benefiting from proximity to major retailers such as Salmon Run Mall, Starbucks, Planet Fitness, Ollie's Bargain Outlet, and a Holiday Inn Express. The center's strategic position serves a substantial customer base, including residents of Fort Drum, tourists visiting Alexander Bay, and those traveling to the Adirondacks. This presents a unique chance to establish or expand a retail presence in a thriving commercial area with strong existing tenant occupancy and significant potential for growth. The available spaces are in excellent condition and ready for immediate occupancy. The property's size and location make it an ideal choice for a variety of retail businesses seeking high visibility and convenient access to a large customer base.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1972
Total area 12,312 SF
Lot 6.11 ac (266,152 SF)
Zoning code C
APN 221800 8-53-125.000
UPID US63-5470835
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
Current use
Occupant on record · Public records
  • StayFitJunky Gym & Fitness Center
  • Watertown VA Clinic Medical Clinic
  • Brooklyn Gin High School Vocational School
  • North Countries Cw Television Studio Media Distribution
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
STATEWAY PLAZA SHOPPING CENTER
STATEWAY PLAZA SHOPPING CENTER
Zoning & alternative use
C · Watertown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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