523 Arsenal Street
Watertown City, NY, 13601 $ 190,000
Bedrooms-- Baths-- Sq 1,496 Monthly Estimate*
$ 1,312
Commercial Property for sale in Watertown City, NY
for $190,000. This 1,496 square foot building was built in 1880 on a lot size of 0.1402.
Versatile Residential & Commercial Investment Opportunity! This property offers the perfect combination of immediate rental income and long-term potential, with zoning that allows for both residential and commercial use. Previously rented as a single-family home for $1,200 per month, the property provides an established income stream while offering flexibility for future commercial development, business use, or a live-work setup. The well-maintained home features 3 bedrooms and 1.5 bathrooms, with updated finishes throughout creating a clean, updated, and inviting interior. Whether you're looking to expand your investment portfolio, operate a business, or secure a property with multiple potential uses, this location provides plenty of opportunity. Also included in the sale is an additional 0.32-acre parcel (Tax ID 221800 009-000-0001-127-000-0000), providing valuable additional space for potential parking, expansion, additional structures, or future development, subject to zoning and municipal approvals. Conveniently located near local amenities, shopping, this property offers accessibility and versatility in one package. A great opportunity for investors, entrepreneurs, business owners, or buyers seeking a property with both income-producing potential and future flexibility. Also listed as residential MLS # S1707565.
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FeaturesGeneralSewer PublicSewer
Heating Gas ForcedAir
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Metal
Zoning Commercial
Construction Materials Other
School District Watertown
Year Built 1880
Stories Count 2
Township Not Applicable
Levels Two
County Jefferson
Property Type CommercialSale
Status Active
City Watertown City
High School District Watertown
Zoning Description Commercial
Number Of Units Total 0
MLS Area Watertown-City-221800
Lot Size Units Acres
Lot Size Square Feet 6105.0
Year Built Details Existing
Tax Annual Amount 2023.0
Property Condition Resale
Lease Considered Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1707679
Standard Status Active
Middle/Junior School District Watertown
Elementary School District Watertown
Tax Assessed Value 59000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 128
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InteriorTotal Fireplaces 0
Total Stories 2
Heating Y/N Yes
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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ExteriorLot Features IrregularLot
Water Source Public
Total Parking 8.0
Inclusions Other - See Remarks
Lot Size Area 0.1402
Number of Buildings 1
Building Area Total 1496.0
Lot Dimensions 37X165
Lot Size Acres 0.1402
Waterfront Y/N No
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* Excluded FeaturesList ByMarble Key Realty LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,312
- Monthly Property Taxes
- $169
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTrends Information provided by ATTOM Data Solutions.
247479 Elementary School
248093 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/5/2026 | $190,000 | -5.00% | Price Down |
| 8/17/2026 | $200,000 | | Listed Price |