Prime Development Land I-81
2931-39 State Route 49 Central Square, NY 13036
2931-39 State Route 49, Central Square, NY, 13036
Contact for pricing
For Sale
Contact for pricing
13 acres near Micron facility with I-81 frontage.
Property Size8,356 SF
Lot Size13.00 Acres
Price / SF$178.31
Days on Market976
Property Features for 2931-39 State Route 49
General Information
- Standard status
- Active
- Size
- 8,356 SF
- Lot size
- 13.00 Acres
- Property subtype
- Mixed Use, Retail, Special Purpose, Office, Business for Sale
Building Details
- Year Built
- 1903
Listing agency
Candy Costa Real Estate LLC
(315) 447-0668
Listed by
Candy Costa · License #NY 10491209117
Source
Crexi
Added: Nov 18, 2023 Updated: Jul 10 at 11:17AM Checked: Jul 15 at 9:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Candy Costa Real Estate LLC
Investment Insights
Based on property information with market context.
This 13-acre property is situated seconds from the Central Square Exit in the Town of West Monroe and minutes from the north shore of Oneida Lake. It features 365 feet of commercially zoned frontage on Route 49 and is adjacent to Interstate 81, placing it in a prime area for new development, especially given its proximity to the Micron facility's location. The property currently includes a 1,604-square-foot single-family house and five additional flex-style buildings. These include a 90x50 pole barn, a 30x40 pole barn, a 20x25 garage, a 12x30 shed, and a 12x16 shed. The site was previously used as a golf shop and driving range. The location offers endless possibilities for retail, hospitality, a shopping plaza, grocery store, medical facilities, or heavy equipment operations, welcoming businesses to this fast-growing community. Natural gas is on its way, and public sewer is in the works, soon to follow.
Key Highlights
- Prime location adjacent to Interstate 81 and minutes from the Micron facility location, ideal for new development.
- 13 acres of land with 365' of commercially zoned frontage on RT 49.
- Endless possibilities for various commercial ventures: retail, hospitality, shopping plaza, grocery, medical, heavy equipment.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.4k | $18.00 |
| − Vacancy | −$33.1k | −$3.96 |
| EGI | $117.3k | $14.04 |
| − OpEx | −$29.3k | −$3.51 |
| NOI | $88.0k | $10.53 |
8,356 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.26M
$1.10M – $1.47M
NOI $87,989 @ 7.0% cap · market cap 5.91%
Second Best
Retail
$1.15M
$1.01M – $1.34M
NOI $80,691 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,668 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 13 acres near Micron facility with I-81 frontage.
Where is this mixed-use property located?
The property is located at 2931-39 State Route 49 Central Square, NY.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Prime location adjacent to Interstate 81 and minutes from the Micron facility location, ideal for new development.; 13 acres of land with 365' of commercially zoned frontage on RT 49.; Endless possibilities for various commercial ventures: retail, hospitality, shopping plaza, grocery, medical, heavy equipment.
