$520,000
$629,900
17.4%For more information regarding the value of a property, please contact us for a free consultation.
17,700 SqFt
SOLD DATE : 07/02/2025
Key Details
Sold Price $520,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 17,700 sqft
Price per Sqft $29
MLS Listing ID S1597850
Sold Date 07/02/25
Construction Status Existing
HOA Y/N No
Year Built 1950
Annual Tax Amount $8,012
Lot Size 3.700 Acres
Acres 3.7
Lot Dimensions 216X654
Property Sub-Type Business
Property Description
Incredible Investment Opportunity – Former Great Bend Elementary School
YOU BUILD IT, THEY WILL COME!
THIS WILL BE A MONEY MAKER!
This unique property offers endless potential for the savvy investor or visionary developer. Situated just 1 mile from the Fort Drum airfield, the building sits on 3.7 acres and is partially fenced with a former baseball field on site—perfect for community or recreational space.
Plans and zoning approvals are already in place to convert the building into an 18-unit residential complex, consisting of:
4 studio units
7 one-bedroom units
7 two-bedroom units
All building permits, plans, and inventory convey with the sale. Additionally, the materials currently inside the building stay with the property, offering added value and convenience. A contractor who provided the initial renovation estimate is available and ready to complete the work, if desired.
Projected property value upon completion: $1.5 million, providing instant equity and strong income potential.
Current heating system includes two industrial boilers, with plans to transition to electric baseboard heating (tenant-paid).
SELLER OFFERS FLEXIBLE OWNER FINANCING SOLUTIONS and will provide all building plans and inventory to get you moving fast.
Whether you're looking to add to your investment portfolio or bring new housing to the area, this property is ready for transformation.
Schedule your private showing today and turn this vision into reality.
Location
State NY
County Jefferson
Area Champion-223089
Zoning 7
Direction From NYS Rte 3, turn onto Woolworth St. Building is on the right. Former Great Bend Elementary School
Rooms
Basement Partial
Interior
Heating Gas, Radiant, Steam
Flooring Carpet, Hardwood, Other, See Remarks, Varies
Fireplace No
Exterior
Utilities Available Natural Gas Available, Water Connected
Roof Type Membrane,Rubber
Total Parking Spaces 30
Building
Story 1
Water Public
Level or Stories One
Structure Type Brick,Other
Construction Status Existing
Schools
School District Carthage
Others
Tax ID 223089-076-006-0001-026-000
Acceptable Financing Cash, Conventional, Owner May Carry Second, Other, Rehab Financing, See Remarks
Listing Terms Cash, Conventional, Owner May Carry Second, Other, Rehab Financing, See Remarks
Financing Seller Financing
Special Listing Condition Standard
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Bought with North Star Real Estate & Property Management