Property profile

908 State St Ogdensburg, NY 13669

OFF-MARKET
Retail space
Property ID
US63-5636464
10,950 SF 1.1 ac lot Built 1997
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 11,280-square-foot freestanding retail building, situated on a 1.13-acre corner lot in Ogdensburg, New York, presents a compelling investment opportunity. Previously occupied by a Rite Aid pharmacy, this single-story, 1997-constructed building boasts a convenient drive-thru window and ample parking for 39 vehicles. The property is zoned C-Commercial and features gas and electric utilities, along with a fully sprinklered system. Located at 908 State Street, at the intersection of State and Canton Streets, this property offers high visibility and accessibility. The asking price is $1,500,000, translating to $132.98 per square foot. With its substantial size, prime location, and existing infrastructure, this property is ideally suited for a variety of retail uses. The spacious layout and convenient drive-thru make it particularly well-suited for businesses requiring high customer traffic and easy access. The large lot size provides ample room for expansion or additional parking. This is a rare opportunity to acquire a well-maintained, freestanding retail building in a desirable location. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Total area 10,950 SF
Lot 1.1 ac (47,916 SF)
Zoning code RB
APN 401200 59.023-4-29.1
UPID US63-5636464

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Pharmacy
  • Pharmacy
  • Pharmacy
  • Physician
  • Medical Laboratory

Location

908 State St Ogdensburg, NY 13669-3348
Ogdensburg metro Census 491500 OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.14M
Comparable Approach Comparable
$1.94M
Blend (final) Blend
$2.04M

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2008
$2.3M

Zoning & alternative use

RB · Ogdensburg, 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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