253 Arsenal St - Commercial LAND FOR SALE


Watertown, NY 13601 426,888 SF
$3,500,000 USD
315-882-8624
253 Arsenal St, Watertown, NY for Sale
$3,500,000 USD
Commercial LAND - FOR SALE
1/1
426,888 SF

253 Arsenal St
Watertown, NY 13601


HIGHLIGHTS

  • Average House Hold Income $75,622
  • Average Area Population 375,36
  • Located at the intersection of Arsenal and South Massey Streets; the gateway to the City center
  • Shovel Ready
  • Located in close proximity to Fort Drum US Military Installation
  • Main parcel along Arsenal is 5.7 Acres, back parcels off Stone Street are an additional 4 Acres

OVERVIEW

Mercy Heights is an 9.8 acre shovel ready site, located at the intersection of Arsenal and South Massey Streets; the gateway to the City center. COR purchased the Mercy Hospital property in 2013. The former Mercy Hospital occupied 9 multi-story buildings consisting of approximately 377,000 square feet and 7-acres. The original buildings were constructed at various times between 1938 and 1983. Through collaborative efforts with State and local government COR has completed significant environmental remediation and raised all of the existing structures preparing the site for new development. This approx. 5.7 Acre block has been approved for the first phase of development to include 34,000 SF of commercial space in (2) two-story buildings fronting Arsenal Street, 108 integrated market rate and affordable apartments along South Massey and Stone Streets and a 5,500 SF community building on Sherman Street for use by the residents and the existing St. Patrick’s Parish. On-site parking is located internal to the block to support all planned uses including the Church. Directly adjacent to the site, across Stone Street, is an additional 4 Acres that can expand the development with up to 22 for-sale single family townhouses, 28 patio homes and community space.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/ACRE

$357,143/AC

PRICE/SF

$8 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

218 Stone Street - Former Mercy Hospital Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Medical

LAND ACRES

9.8 AC

LAND SF

426,888 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael VavoneseCOR CNY Brokerage Company, LLCMore Info
315-882-8624

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Michael VavoneseCOR CNY Brokerage Company, LLCMore Info
315-882-8624

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.