1291 Faichney Dr Watertown, NY 13601-1800
Property profile & analytics
1291 Faichney Dr Watertown, NY 13601-1800
- Industrial properties
- 72,315 SF
- 5.20 lot acres
Property ID
US63-3157856
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Ontario Cryotherapy / Gym & Fitness Center / Alternative Medicine Practice
- ELU Aesthetics / Cosmetic Store / Beauty School
- Artistic Designs Dance Company / Training Center
- American Top Team Watertown / Training Center / Sports School
- CareGivers Home Care / Employment Agency
Property Details for 1291 Faichney Dr
- Year built
- 1970
- Lot size
- 5.20 lot acres
- Property size
- 72,315 SF
- Zone code
- C
- Property type
- Industrial properties
- APN
- 221800 8-40-106.000
- APU
- 221800840106000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $895,000
- ML approach
- $1,120,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $893,000
Market price range: $894k - $1.95M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,325,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Watertown
- County
- Jefferson
- State
- New York
- Longitude
- -75.9443
- Latitude
- 43.984
- CBSA code
- 48060
- CBSA name
- WATERTOWN-FORT DRUM, NY MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$208,000
$660,300
$868,300
-
$250,592
$795,508
$1,046,100
