Property profile

32 Power Dam Way Plattsburgh, NY 12901

FOR LEASE
Manufacturing properties
Property ID
US63-6172282
4,892 SF 45.4 ac lot Built 1960
Individually Owned 8-yr Hold Free & Clear
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32 Power Dam Way, Plattsburgh, NY 12901 For Lease
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32 Power Dam Way, Plattsburgh, NY 12901
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Property summary

AI-generated overview

This expansive 550,000 square foot industrial complex, situated on 45.4 acres at 32 Power Dam Way, Plattsburgh, NY 12901, presents a unique investment opportunity. The property, built in 1916 and renovated in 1960, features a single-story design with ceiling heights ranging from 16 to 28 feet. Currently, 200,000 square feet of space is available, divisible to a minimum of 100 square feet and with a maximum contiguous space of 400,000 square feet. The property boasts 35 loading docks, ample outside storage, and extensive parking. Power options include 440 single-phase and three-phase service. The building includes 17 suites and features an elevator. Its strategic location on the Saranac River offers convenient access to Interstate 87 and Plattsburgh International Airport, and is only 60 miles from Montreal, Canada. The property is zoned for industrial use and offers competitive rates. The building's wet sprinkler system enhances safety and security. This prime location, combined with its substantial size and versatile space, makes it ideal for various manufacturing, distribution, flex, and warehouse operations. The 800-foot frontage provides excellent visibility and accessibility.

Property profile

Verified
Property type Manufacturing properties
Use group HEAVY MANUFACTURING
Year built 1960
Total area 4,892 SF
Lot 45.4 ac (1,977,624 SF)
Zoning code 06 - INDUSTRIAL
APN 091300 221.14-2-1.1
UPID US63-6172282

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
  • Warehouse & Storage
  • Roofing Company General Contractor
  • Car Wash
  • Department Store
  • Recycling Center Waste Management Facility

Location

32 Power Dam Way Plattsburgh, NY 12901
Plattsburgh metro Census 102200 PLATTSBURGH, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$195k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k

Owner & transaction history

since 2018
7 recorded transactions
2018
$325,000
2017
$1.1M
2017
$524,102
2017
$125,305
2015
$274,049
2015
$335,000
2015
$466,000

Zoning & alternative use

06 - INDUSTRIAL · Plattsburgh, NY

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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