Faichney Drive Business Complex | 1291 Faichney Dr
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Faichney Drive Business Complex 1291 Faichney Dr
72,315 SF 100% Leased Industrial Building Watertown, NY 13601 £2,895,065 (£40/SF) 7.31% Net Initial Yield
Investment Highlights
- Net Investment Opportunity
- Prime location in Watertown
- 18 Tenants and Temporary Rental Space (Banquets, etc.)
- Easy Highway Access
Executive Summary
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.
Property Facts
| Price | £2,895,065 | Lot Size | 12.40 AC |
| Price Per SF | £40 | Rentable Building Area | 72,315 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 7.31% | Year Built | 1970 |
| Property Type | Industrial | Parking Ratio | 2.77/1,000 SF |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 5 |
| Building Class | C | Level Access Doors | 1 |
| Price | £2,895,065 |
| Price Per SF | £40 |
| Sale Type | Investment |
| Net Initial Yield | 7.31% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 12.40 AC |
| Rentable Building Area | 72,315 SF |
| Number of Floors | 1 |
| Year Built | 1970 |
| Parking Ratio | 2.77/1,000 SF |
| No. Dock-High Doors/Loading | 5 |
| Level Access Doors | 1 |
Amenities
- 24 Hour Access
- Floor Drains
- Security System
- Yard
- Storage Space
- Air Conditioning
Utilities
- Lighting - Incandescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 221800-008-000-0040-106-000-0000 | Improvements Assessment | £516,652 |
| Land Assessment | £162,750 | Total Assessment | £679,401 |
PROPERTY TAXES
Parcel Number
221800-008-000-0040-106-000-0000
Land Assessment
£162,750
Improvements Assessment
£516,652
Total Assessment
£679,401
zoning
| Zoning Code | PD-02 |
| PD-02 |
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Power Broker Tom Lischak -
CENTURY 21 Bridgeway Commercial Realty
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Faichney Drive Business Complex | 1291 Faichney Dr
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