Net Investment Opportunity

1291 Faichney Dr Watertown, NY 13601

1291 Faichney Dr, Watertown, NY, 13601
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$3,700,000
Last Verified:
Oct 05, 2024

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Highlights

  • Net Investment Opportunity
  • 72,315 SF Mixed Use Property
  • 10.8 Acres Across 2 Parcels
  • 18 Tenants
  • Temporary Rental Space (Banquets, etc.)
  • Easy Highway Access
  • Zoned PD-02
  • Prime location in Watertown
  • Well-Maintained Property

Description

Discover an exceptional net investment opportunity with this impressive 72,315 SF Mixed-Use, Multi-Tenant building. Built in 1970, this well-maintained property offers a strategic location in the heart of Watertown, NY, zoned PD-02. Boasting ample space for various office, retail, industrial, and warehousing configurations, this building houses 18 long term tenants along with multiple temporary space rentals. The property's prime positioning provides convenient accessibility to major transportation routes, fostering connectivity for businesses and clients alike. With its significant size and established infrastructure, this building is poised to captivate the discerning investor seeking a lucrative addition to their portfolio.

Watertown is a city in, and the county seat of, Jefferson County, New York, United States. It is approximately 25 miles (40 km) south of the Thousand Islands, along the Black River, about 5 miles (8 km) east of where it flows into Lake Ontario. The city is bordered by the town of Watertown to the south, east, and west, and is served by the Watertown International Airport and the Watertown Daily Times. Watertown is located 13 miles (21 kilometers) southwest of the U.S. Army base at Fort Drum; it is the service and shopping destination for personnel there and their families. As of the 2020 United States Census, the city has 24,685 residents, making it the largest city in the North Country. The Subject property is located right behind Home Depot off of Coffeen St with visibility from NY Route 81.


Year Built: 1970
Building Size: 72315sq ft
Building Class: B
Lot Size: 10.8 acres


Documents

1291 Faichney Dr_Sale Brochure

Map of 1291 Faichney Dr, Watertown, NY, 13601

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.