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    FOR SALE
    Motels

    6570 State Highway 56, Potsdam, NY 13676

    7,054 SF 1.7 ac lot Built 1957
    Individually Owned 12-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-3591527
    Property summary
    AI-generated overview

    Invest in this exceptional 1.7-acre commercial property located at 6570 State Highway 56, Potsdam, NY. Boasting 264 feet of road frontage on the heavily traveled Route 56, this site offers unparalleled visibility and access to a high volume of traffic. The property includes a 7,054 square foot building, though it is in poor condition and its value is primarily in the land itself. This presents a unique opportunity for redevelopment, catering to a wide range of commercial ventures. The strategic location, within 12 miles of four major universities and proximate to healthcare institutions and offices, ensures high traffic exposure and convenient access for potential customers. This prime commercial real estate presents a rare chance to establish a thriving business in a bustling area of Potsdam. The substantial lot size and high visibility make this an ideal investment for entrepreneurs seeking a prominent location with significant redevelopment potential. Don't miss this chance to secure a piece of prime commercial real estate in a thriving community. The property is priced at $389,900.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 1957
    Total area 7,054 SF
    Lot 1.7 ac (74,052 SF)
    Zoning code 01 - NOT ZONED
    APN 407489 64.034-4-21
    UPID US63-3591527
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Craig A Cox · 12 yrs held
    Craig A Cox
    since 2014
    1 recorded transaction
    2014
    Zoning & alternative use
    01 - NOT ZONED · Potsdam, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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