Property profile

6570 State Highway 56 Potsdam, NY 13676

FOR SALE
Motels
Property ID
US63-3591527
7,054 SF 1.7 ac lot Built 1957
Individually Owned 12-yr Hold Absentee Owner Free & Clear
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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

Location

6570 State Highway 56 Potsdam, NY 13676
Potsdam metro Census 490900 OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2014
1 recorded transaction
2014
Price N/A

Zoning & alternative use

01 - NOT ZONED · Potsdam, 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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