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Property profile & analytics
FOR SALE
Investment properties

222 Water St Elizabethtown, NY 12932

1,272 SF 0.59 ac lot Built 1935
Individually Owned 15-yr Hold Free & Clear
Property ID
US63-0994995
Property summary
AI-generated overview

This exceptional commercial property, situated at 222 Water Street in Elizabethtown, NY, presents a unique investment opportunity. Boasting a highly visible corner lot at the intersection of Routes 9N, 9, and Water Street, this 1,272 square foot property offers unparalleled exposure for any business. The 0.59-acre lot includes 90 feet of frontage on the West Branch of the Boquet River, providing a picturesque setting and potential for additional development. The property currently features two units, each with its own bathroom. While currently configured for commercial use, there's potential to convert the units into efficiency apartments (kitchen installations would be required). The property benefits from off-street parking, a significant advantage in a high-traffic area. Recent upgrades include the installation of new monitor heaters and a fuel tank in 2023, ensuring efficient and reliable heating. Its convenient location places it within walking distance of all Elizabethtown amenities, making it an attractive proposition for both businesses and residents. This versatile property offers a blend of commercial viability and potential for residential conversion, making it an ideal investment for a discerning buyer.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1935
Total area 1,272 SF
Lot 0.59 ac (25,700 SF)
Zoning code 07 - MIXED
APN 152400 55.84-3-14.100
UPID US63-0994995
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
  • Essex County Advocate Programs Child Welfare Organization Foster Care Service
  • G & G Abstracts Title Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Frederick Clark · 15 yrs held
Frederick Clark
since 2010
2 recorded transactions
2010
$60,000
2005
$1,000
Zoning & alternative use
07 - MIXED · Elizabethtown, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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