Property profile

440 State St Watertown, NY 13601

OFF-MARKET
Commercial land
Property ID
US63-5474545
0.45 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional .5 ± acre commercial development site is strategically located on State Street in Watertown, New York. Its prime location offers excellent visibility and accessibility, with potential access to a traffic signal. The property boasts a high-traffic count due to its proximity to a variety of established retailers, including Dollar Tree, Ace Hardware, Taco Bell, Wendy's, Little Caesars, and Jreck Subs, ensuring high foot traffic and potential customer base for any development. The site is ready for immediate development, benefiting from readily available public utilities including water, sewer, gas, and electric connections. This makes the site exceptionally attractive for a wide range of commercial ventures, offering significant potential for return on investment. The single-tenant zoning provides flexibility for developers seeking a straightforward development process. The property's location in Jefferson County, New York, provides access to a robust local economy and a strong community. This is a rare opportunity to acquire a highly desirable commercial land parcel in a thriving area. The property's address is 440 State Street, Watertown, NY 13601.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.45 ac (19,550 SF)
Zoning code DC
APN 221800 12-03-220.300
UPID US63-5474545

Cap rate & NOI

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

Location

440 State St Watertown, NY 13601-2723
Watertown metro Census 62100 WATERTOWN-FORT DRUM, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2022
Last sale
$425,000
2 recorded transactions
2022
$425,000
2022
Price N/A

Zoning & alternative use

DC · Watertown, 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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