Individually Owned 
For Sale
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Property summary
This meticulously maintained three-story commercial/multi-use property at 203 State Street in Ogdensburg, NY, presents a significant investment opportunity. Boasting 25,092 square feet on a 0.3-acre corner lot, this building offers exceptional visibility and accessibility. The attractive stone exterior is in pristine condition, complemented by recent upgrades including a new rubber roof (2023), a modernized boiler system, updated electrical and lighting systems, plumbing improvements, new windows, and fresh flooring. The property currently generates income through a long-term lease with an attorney's office. A substantial amount of additional space is available for lease, creating further income potential. The current owners, Northern Physical Therapy, are also interested in a long-term lease, providing a ready-made tenant and immediate return on investment. The property features a large paved rear parking area, maintained by the city and shared with other businesses, ensuring ample parking for tenants and clients. This property's size, location, and recent renovations make it an ideal investment for entrepreneurs, established businesses, or investors seeking substantial growth potential. The combination of existing income and the potential for additional leasing makes this a truly compelling opportunity in the thriving Ogdensburg market.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Physician
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Physician
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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