1222 Arsenal St Watertown, NY 13601-2297
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.
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StayFitJunky Gym & Fitness Center
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Watertown VA Clinic Medical Clinic
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Brooklyn Gin High School Vocational School
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North Countries Cw Television Studio Media Distribution
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Western Union Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C · Watertown, NYWatertown. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.