619 Main St Ogdensburg, NY 13669-1093
- Investment properties
- 4,712 SF
- 0.82 lot acres
Current Use by Public Records
- Basta's Flower Shop / Florist / Gift Shop
Property Details for 619 Main St
- Year built
- 1990
- Lot size
- 0.82 lot acres
- Property size
- 4,712 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 401200 59.021-1-4.1
- APU
- 40120059021141
Description
This exceptional 3.15-acre commercial property in Ogdensburg, NY, boasts stunning St. Lawrence River views. The site features two large storage units and a smaller garage, providing immediate utility and income potential. City water and sewer services are readily available, simplifying development and operational costs. The property's prime location offers unparalleled visibility and accessibility. The adjacent riverfront property, owned by the city, presents a unique expansion opportunity, potentially increasing the overall acreage and development possibilities. This presents a rare chance to acquire a substantial commercial parcel with existing structures and significant future growth potential. The existing buildings are well-suited for a variety of uses, from storage and light industrial to potential redevelopment. The expansive lot size allows for considerable flexibility in terms of future expansion or development. The picturesque riverfront setting adds significant aesthetic value and could be a key selling point for various businesses. This property is ideally suited for an entrepreneur or investor seeking a versatile commercial holding with substantial upside. The combination of existing structures, ample land, and the potential for riverfront expansion makes this a truly unique investment opportunity. Don't miss this chance to secure a prime commercial location with breathtaking views and significant development potential. The asking price is $325,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $230,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $260,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $225,000
- Mixed-Use
- $210,000
- Hospitality
- $255,000
- Educational
- $260,000
- Residential Income
- $265,000
- Energy
- $210,000
- Income-Based Land
- $240,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Ogdensburg
- County
- St. Lawrence
- State
- New York
- Longitude
- -75.5066
- Latitude
- 44.691
- CBSA code
- 36300
- CBSA name
- OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA
