Property profile

267 High St Watertown, NY 13601

FOR SALE
Auto shops
Property ID
US63-3692233
3,500 SF 0.68 ac lot Built 1984
Individually Owned 27-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional turn-key commercial welding and fabrication business, located at 267 High St in Watertown, NY, presents a rare opportunity for acquisition. Established nearly 50 years ago, this profitable operation boasts a loyal client base built on repeat business, ensuring immediate income potential for the new owner. The business occupies a substantial 3,500 square foot building situated on a 0.68-acre lot, providing ample space for both current operations and future expansion. Three-phase power is already in place, facilitating increased capacity and potential for diversification. The sale includes all existing equipment, making this a truly ready-to-go venture. A significant portion of the existing workforce may be willing to transition to the new ownership, providing continuity and expertise. While some sales experience may be beneficial to further grow the business, the existing client base and reputation provide a solid foundation for immediate success. The high foot traffic location in Watertown further enhances the business's visibility and accessibility. This is a unique chance to acquire a well-established, profitable business with significant growth potential. Priced at $649,900.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1984
Total area 3,500 SF
Lot 0.68 ac (29,621 SF)
Zoning code UMU
APN 221800 6-04-130.000
UPID US63-3692233

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • General Contractor

Location

267 High St Watertown, NY 13601
Watertown metro Census 62100 WATERTOWN-FORT DRUM, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

Zoning & alternative use

UMU · Watertown, NY
Zoning description

Urban Mixed Use (UMU). The UMU district functions as a downtown transition zone and is generally located at the edge of the Downtown District where land use transitions from intense urban business and entertainment uses…

General category MIXED_USE

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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