Log In/Sign Up
Your email has been sent.
Downtown Landmark Redevelopment Opportunity 230 Factory St 53,860 SF Vacant Industrial Building Online Auction Sale Watertown, NY 13601
Investment Highlights
- Adaptive reuse opportunity offering 60,847 SF across 1.4 acres at pricing well below replacement cost, creating significant value-add potential.
- Flexible downtown zoning supports office, loft residential, hospitality, entertainment, education, self-storage, and mixed-use concepts.
- Access to Interstate 81, regional airports, Fort Drum, and cross-border commerce strengthens long-term redevelopment potential.
- Features exposed brick, large windows, high ceilings, heavy timber construction, expansive floorplates, multiple loading docks, and surface parking.
- Downtown Watertown location within steps of restaurants, boutique retail, government offices, and community amenities.
Executive Summary
BellCornerstone is pleased to present 230 Factory Street, a landmark redevelopment opportunity in downtown Watertown, New York. The property includes approximately 60,847 SF across 1.4 acres and is priced well below replacement cost.
The historic multi-story building features exposed brick, large windows, high ceilings, heavy timber construction, expansive floorplates, multiple loading docks, and surface parking. Its flexible layout and downtown zoning support a broad range of uses, including office, residential lofts, hospitality, entertainment, self-storage, education, mixed-use redevelopment, or continued commercial occupancy.
Located near restaurants, retail, government offices, and community amenities, the property benefits from Watertown’s ongoing downtown revitalization. The city serves as Northern New York’s economic center, supported by Fort Drum, healthcare, manufacturing, logistics, education, and Canadian cross-border commerce.
Convenient access to Interstate 81, Watertown International Airport, and Syracuse Hancock International Airport further enhances the property’s appeal. With its scale, historic character, strategic location, and attractive pricing, 230 Factory Street offers substantial value-add and adaptive reuse potential.
Property tours are by appointment only. Please contact the listing broker to schedule.
The historic multi-story building features exposed brick, large windows, high ceilings, heavy timber construction, expansive floorplates, multiple loading docks, and surface parking. Its flexible layout and downtown zoning support a broad range of uses, including office, residential lofts, hospitality, entertainment, self-storage, education, mixed-use redevelopment, or continued commercial occupancy.
Located near restaurants, retail, government offices, and community amenities, the property benefits from Watertown’s ongoing downtown revitalization. The city serves as Northern New York’s economic center, supported by Fort Drum, healthcare, manufacturing, logistics, education, and Canadian cross-border commerce.
Convenient access to Interstate 81, Watertown International Airport, and Syracuse Hancock International Airport further enhances the property’s appeal. With its scale, historic character, strategic location, and attractive pricing, 230 Factory Street offers substantial value-add and adaptive reuse potential.
Property tours are by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Property Information
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Register to Bid Instructions
Market Analytics Click Here to Access
Property Facts
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Philadelphia
1,584,138
322
6 h 23 m
New York
8,398,748
328
6 h 43 m
Boston
694,583
342
6 h 53 m
Washington
702,455
438
8 h 57 m
Detroit
672,662
459
9 h 7 m
Columbus
892,533
530
10 h 12 m
Access and Labor Force
10 Miles
Total Population
70,819
Total Labor Force
24,836
Unemployment Rate
4.51%
Median Household Income
$58,252
Warehouse Employees
2,100
High School Education Or Higher
92.60%
$ values in USD
Sale Advisors
Sale Advisors
Daniel Lynch, Vice President, Brokerage Services
Daniel Lynch is the Vice President of Brokerage Services at BellCornerstone and a licensed real estate salesperson. With vast experience negotiating multiple transaction types, providing valuable financial analysis and advisory services, Dan is a trusted source among his colleagues and clients. He is also a key member of the National Telecommunications Team. Dan holds a Bachelor of Science from Le Moyne College’s Madden School of Business, with dual concentrations in finance and analytics, as well as his Master of Business Administration from Le Moyne, completing the process within five years.
Keith Saville, Vice President of Sales
Keith A. Saville is a results-driven professional with a passion for driving sales growth and exceeding customer expectations. With over 25 years of experience in sales, service, and management, Keith has consistently demonstrated his ability to drive revenue growth, acquire new clients, and effectively manage multi-million-dollar sales territories across the United States and Canada. His well-established reputation for integrity, professionalism, and superior customer service is the bedrock of his loyal client base and repeat business. His remarkable track record of success has earned him numerous accolades and recognition for his outstanding contributions to the industry.
Keith brings a unique perspective to his role as the National Sales Manager at BellCornerstone. Leveraging his entrepreneurial spirit and market acumen, Keith is dedicated to driving growth, expanding market share, and delivering exceptional results for clients and stakeholders. Keith leads a team of dedicated and dynamic real estate professionals as they cultivate "raving fan" clients across the country. With a focus on high-quality commercial assets, Keith is committed to helping clients solve problems, achieve their real estate goals, and maximize opportunities in an ever-changing market.
Before joining BellCornerstone, Keith owned and operated a highly successful small business with locations in New York and Georgia. Keith graduated from SUNY Delhi and currently lives in Chittenango, NY with his wife Christine, and their two sons.
Keith brings a unique perspective to his role as the National Sales Manager at BellCornerstone. Leveraging his entrepreneurial spirit and market acumen, Keith is dedicated to driving growth, expanding market share, and delivering exceptional results for clients and stakeholders. Keith leads a team of dedicated and dynamic real estate professionals as they cultivate "raving fan" clients across the country. With a focus on high-quality commercial assets, Keith is committed to helping clients solve problems, achieve their real estate goals, and maximize opportunities in an ever-changing market.
Before joining BellCornerstone, Keith owned and operated a highly successful small business with locations in New York and Georgia. Keith graduated from SUNY Delhi and currently lives in Chittenango, NY with his wife Christine, and their two sons.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X, Inc. Vibhav Kapila RE Brkr 10991231490
1 of 38
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
1 of 1
Presented by
Downtown Landmark Redevelopment Opportunity | 230 Factory St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Presented by
Downtown Landmark Redevelopment Opportunity | 230 Factory St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.