19472 Route 11

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19472 Route 11

Watertown, NY 13601
Asking Price
$2.15M
Asset Type
Land
Class
Class B

What's Special

19472 Route 11 is situated along a primary commercial corridor in Watertown, New York. The property is positioned in a high-traffic area characterized by a mix of retail centers, automotive dealerships, and light industrial facilities. It offers direct frontage on Route 11, providing visibility and straightforward access to regional transportation networks, including proximity to Interstate 81. Nearby amenities include national big-box retailers, dining options, and local business services, ensuring a steady flow of local and regional vehicular traffic. This land asset is suited for commercial development, such as retail storefronts, service-based businesses, or small-scale distribution centers. Given the zoning and location, ideal tenants would include regional developers, franchise operators, or local businesses seeking high exposure. The site’s topography and road access also support potential uses for equipment storage or vehicle-related services. Prospective occupants typically include entities focused on leveraging the transit-oriented nature of the Route 11 strip to capture the local consumer base.

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NOI
$80,000
Cap Rate
3.72%
DSCR
0.63
Underwater
Cash-on-Cash
-7.39%
Monthly Payment
$10,637.027
Annual Cash Flow
$-47,644.323

Location & Travel Times