49 Elm St Potsdam, NY 13676

Property Details for 49 Elm St

Lot size

0.41 lot acres

Property size

4,228 SF

Property type

Residential income homes

Description

This unique 4,228 square foot building, situated on a 0.41-acre lot at 49 Elm Street in Potsdam, NY, presents a compelling investment opportunity. Formerly used by Clarkson University's ROTC program, this historic structure is ideally located within Potsdam's Innovation District, a designated area focused on downtown revitalization. The property boasts two full floors and a rear addition, offering ample space for a variety of commercial uses. The building's layout includes a first-floor kitchen and office/reception area, perfect for a business requiring both workspace and client interaction. A significant advantage is the detached, renovated carriage house, now featuring a heated and powered garage and work bay, complete with a second-floor walk-up to a wood shop. This versatile space adds significant value and potential for additional income streams or specialized business operations. The property's zoning allows for a blend of residential and commercial uses, providing flexibility for future development. While the building has been vacant for some time, its solid construction and prime location make it an attractive prospect for adaptive reuse. The property's history as part of Clarkson University's original downtown campus adds to its unique character and potential appeal to businesses seeking a distinctive presence in the heart of Potsdam. This is a rare chance to acquire a substantial property in a thriving downtown area poised for continued growth. The asking price is $115,000.