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ARSENAL STREET ACRES 20255 NY State Route 3

4,000 SF 100% Leased Retail Building Watertown, NY 13601 $1,122,339 CAD ($281 CAD/SF)

Investment Highlights

  • Heavy traffic.
  • One and a half miles from the city limits.
  • Near major retailers such as Walmart, Red Lobster, Sam's Club and Home Depot.
  • Located on State Rte 3 (Arsenal Street).
  • Lake Ontario and Salmon fishing 8 miles away.
  • Two major malls in the area: Salmon Run Mall and Towne Center.

Executive Summary

This building is constructed of steel and concrete, and will last for many years. It fronts on the busiest street in Jefferson County and in the city of Watertown, New York, 13601. The daily traffic count is greater than 30,000 vehicles. Some major companies that also front on this street that are within one mile or so from this building are Walmart, Sams Club, Lowes, Red Lobster, Texas Roadhouse, Kohls, many, many more, plus two shopping malls. There are two signposts which hold three double-sided and lighted 20 square foot signs. This 1.25 acres site has been approved to add a third 2000 square foot unit to the existing building. There is enough available land area to add more buildings to this 1.25 acre lot. Another 16.2 acres site is available next to this 1.25 acres site for $299,000.00. To build a commercial structure will currently cost $300 to $350 per square foot, which places the cost to build a 4,000 square foot commercial building like this building with minimal construction materials at $1.2 million to $1.4 million. That cost will not include a parking lot, overhead security lighting, or signage.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,000 SF
Building Class
C
Year Built
2006
Price
$1,122,339 CAD
Price Per SF
$281 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Land Acres
1.25 AC
Zoning
COMMERCIAL - Commercial
Parking
23 Spaces (5.99 Spaces per 1,000 SF Leased)
Frontage
199 ft on STATE RTE 3 (ARSENAL ST)

Amenities

  • Pylon Sign
  • Security System
  • Wheelchair Accessible
  • Monument Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
225800-082-011-0001-033-100
Land Assessment
$104,917 CAD
Improvements Assessment
$284,655 CAD
Total Assessment
$389,573 CAD
  • Listing ID: 31155965

  • Date on Market: 2024-03-07

  • Last Updated:

  • Address: 20255 NY State Route 3, Watertown, NY 13601

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