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Property profile

24805 State Rte 126 Watertown, NY 13601

Automotive properties
Property ID
US63-0342311
View Sample
360 SF 0.47 ac lot Built 1991
Entity Owned 17-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional commercial property, located at 24805 State Route 126 in Watertown, NY, presents a unique investment opportunity. The 0.47-acre lot offers significant visibility due to its strategic placement at a three-way stoplight on a busy street, ensuring high traffic exposure for any business. The property includes a 360-square-foot shed, which could be repurposed for various commercial uses, offering immediate functionality. This versatile space is ideal for entrepreneurs seeking a ready-to-use location or those planning a new construction project. The property's prime location in Watertown, NY, provides access to a thriving local market. Furthermore, this property offers the potential for expansion. An adjacent building and lot are available for purchase, providing the opportunity to acquire even more space to accommodate growing business needs or larger-scale development plans. This presents a rare chance to secure a substantial commercial footprint in a desirable location. The asking price for this exceptional property is $50,000. This is an excellent opportunity for investors seeking high-visibility commercial land with significant potential for growth and development.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1991
Total area 360 SF
Lot 0.47 ac (20,473 SF)
Zoning code C
APN 225800 83.15-1-34.1
UPID US63-0342311

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$30k

Owner & transaction history

Zoning & alternative use

C · Watertown, NY
Zoning description

Commercial (C). This district facilitates the highest intensity of commercial uses that serve the entire region beyond adjacent neighborhoods. Development character typically is larger lots with franchise architecture, o…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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