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253 Arsenal St
Watertown, NY 13601

$3,500,000 USD

Land For Sale  •  9.8 AC

Property Details

  • Property Type Land
  • Lot Size 9.8 AC
0 Transit Score
78 Walk Score

Description

Mercy Heights is an 9.8 acre shovel ready site, located at the  intersection of Arsenal and South Massey Streets; the gateway to the City center.  COR purchased the Mercy Hospital property in 2013.   The former Mercy Hospital occupied 9 multi-story buildings consisting of approximately 377,000 square feet and 7-acres. The original buildings were constructed at various times between 1938 and 1983. Through collaborative efforts with State and local government COR has completed significant environmental remediation and  raised all of the existing structures preparing the site for new development.   
This approx. 5.7 Acre block has been approved for the first phase of development to include  34,000 SF of commercial space in (2) two-story buildings fronting Arsenal Street, 108 integrated market rate and affordable apartments along South Massey and Stone Streets  and a 5,500 SF community building on Sherman Street for use by the residents and the existing St. Patrick’s Parish. On-site parking is located internal to the block to support all planned uses including the Church. 
Directly adjacent to the site, across Stone Street, is an additional 4 Acres that can expand the development with up to 22 for-sale single family townhouses, 28 patio homes and community space.

Highlights

Average House Hold Income $75,622
Average Area Population 375,36
Located at the intersection of Arsenal and South Massey Streets; the gateway to the City center
Shovel Ready
Located in close proximity to Fort Drum US Military Installation
Main parcel along Arsenal is 5.7 Acres, back parcels off Stone Street are an additional 4 Acres

Property Flyers

Michael Vavonese 315-882-8624 COR CNY Brokerage Company, LLC
Michael Vavonese 315-882-8624 COR CNY Brokerage Company, LLC