1291 Faichney Dr, Watertown, NY 13601-1800

This exceptional investment opportunity presents a 72,315-square-foot mixed-use building in Watertown, NY. The property, built in 1970 and situated on a 10.8-acre lot spanning two parcels, boasts a strong 7.31% cap rate and a Net Operating Income (NOI) of $270,582.66. Currently housing 18 long-term tenants, the building also offers temporary rental space for banquets or similar events. Its strategic location provides easy highway access via NY Route 81, offering excellent visibility and convenient access for tenants and clients. The property is zoned PD-02, allowing for a variety of uses. The asking price is $3,700,000, translating to $51 per square foot. This well-maintained Class B office building presents a compelling investment opportunity due to its size, established tenancy, and prime location in Watertown, a city experiencing growth due to its proximity to Fort Drum. The property is conveniently located behind Home Depot, offering excellent visibility from NY Route 81. This multi-tenant building offers a diverse income stream and significant potential for future growth. The property's substantial size and established infrastructure make it an attractive addition to any investment portfolio.