221-231 State Street Watertown-City NY 13601 MLS #S1578457

Listing is also under commercial S1576333.


Prime Investment Opportunity in Downtown Watertown, NY!

Discover the potential of the historic Musselman Building, a highly desirable property just one block from Public Square in the heart of Watertown. This well maintained building combines residential and commercial spaces making it an investment opportunity.

Property Overview:

-10 one-bedroom apartments, 2 two-bedroom apartments, 4 studio apartments, an on-site laundry room and 4 commercial storefronts (approximately 1,100 sq. ft. each). Additional rental storage space is available for added income.

-Recently renovated units. Original brick details in selected areas. Blending the historic charm with a modern appeal.

-Equipped with a steam boiler, gas heating, on-demand hot water heater, and 80 gallon storage tank.

Prime Location:

-Steps from Public Square, walking distance to Samaritan Medical Hospital, shopping and restaurants with easy access to major highways including I-81and Route 11.

-Just minutes from the Black River’s popular rafting destination and Watertown Zoo. Close to the state office building which is convenient for tenants and businesses.

-Public parking is available directly across the street for tenants and visitors.

-A short and beautiful 30 minute drive to the Thousand Islands region, Clayton and Alexandria Bay, just 15 minutes from Fort Drum Base and only an approx. half hour from the Ontario Canadian border.

This historic downtown property is a rare find with strong income potential. Schedule a tour today to explore everything the Musselman Building has to offer!