253 Arsenal St - Commercial LAND FOR SALE


Watertown, NY 13601 426,452 SF
$3,500,000 USD
315-778-8027
253 Arsenal St, Watertown, NY for Sale
$3,500,000 USD
Commercial LAND - FOR SALE
1/1
426,452 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

THE MERCY SITE A Place That Once Cared for a Community... ...Now Ready to Help Build One. For more than a century, this site was known as Mercy Hospital. From its humble beginning in 1894 as Sisters Hospital, with just 15 beds, generations of physicians, nurses, and caregivers served Northern New York from this very location. For more than 120 years, families celebrated births, endured loss, found healing, and experienced hope within its walls. When Mercy Hospital closed and the buildings were demolished in 2014, a chapter of Watertown's history came to an end. What remained was something extraordinarily rare. Nearly 10 acres of shovel-ready land in the heart of downtown...waiting for its next purpose. The Opportunity Today, the former Mercy Hospital campus offers the opportunity to create something every bit as meaningful as what once stood here. Not another hospital... But a neighborhood. A place where families can purchase their first home. Where businesses can grow. Where people once again come together to live, work, and invest in Downtown Watertown. A Vision for the Future The site naturally lends itself to two complementary forms of development. Residential Neighborhood Parcels B, C, D, E, F, and F-2 provide an outstanding opportunity for thoughtfully planned single-family housing, including affordable and workforce homes that strengthen the fabric of the surrounding neighborhood. Imagine tree-lined streets... Front porches. Children riding bicycles. Neighbors gathering outside. A community once again taking shape where healing once occurred. Commercial Gateway Parcels A and A-1, with their excellent visibility and access, offer exceptional opportunities for commercial development, neighborhood services, medical offices, professional offices, retail, hospitality, or mixed-use projects that complement the surrounding residential community. Together, these parcels create a balanced vision that serves both economic development and community growth. Why This Site Matters Downtowns are rarely given a second chance. Large redevelopment sites with municipal infrastructure already in place are almost never available. The former Mercy Hospital campus represents one of those rare opportunities where history, location, and vision intersect. The next chapter has not yet been written. It will belong to someone with the vision to see what this property can become. Some buildings are replaced. Others are reborn.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/ACRE

$357,508/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

Retail, Office, Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Dorms, Apartment Units - Senior, Apartment Units - Subsdzd, Bank, Community Center, Convenience Store, Day Care Center, Medical, Motel, Neighborhood Center, Office Park, Outlet Center, Parking Garage, Parking Lot, Planned Unit Development, Restaurant

LAND ACRES

9.79 AC

LAND SF

426,452 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

Commercial and Residentia

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mike CampbellGreat Lakes Realty LTDMore Info
315-778-8027

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Mike CampbellGreat Lakes Realty LTDMore Info
315-778-8027

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