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    800 Cypress St Rome, NY 13440

    Sponsored
    For Sale
    $1,200,000

    Prime Commercial Redevelopment Opportunity

    Property size:
    64,930 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: a 64,930+/- square foot, two-story former Catholic high school building situated on a spacious 15.1+/- acre lot in Rome, New York. This vacant property, built in 1962, offers a wealth of potential for redevelopment. The existing structure boasts 26 classrooms, a large gymnasium, a cafeteria with a commercial kitchen, and administrative offices. The expansive grounds include ample playing fields and existing parking for 50 vehicles, with significant room for expansion. The property is served by public water and sewer, natural gas, and electricity. Its C-1 Local Commercial zoning allows for a variety of approved uses, making it ideal for a range of commercial ventures. The location is highly desirable, offering convenient proximity to major retail corridors, including Hannaford Supermarket and Rome Teachers Federal Credit Union, as well as the Griffiss Business and Technology Park. This property presents a unique chance to acquire a substantial building with significant acreage in a thriving area, offering exceptional potential for future development and strong returns. The asking price is $1,200,000, with a price per square foot of $18.48.

    Property Features for 800 Cypress St

    General Information

    Property type
    Schools
    Square Feet
    64,930 SF
    Lot Size
    657,756 SF

    Building Details

    Year Built
    1962
    Stories
    2

    HighLights

    • 64,930± SF two‑story former school on 15.1± acres.
    • Features 26 classrooms, gym, cafeteria/kitchen, and administrative offices, plus playing fields.
    • Utilities include public water, sewer, natural gas, and electricity.
    • Built in 1962.
    • 50± existing parking spaces with expansion potential.
    • C‑1 Local Commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rome Catholic School School Bruce Fike Nurse Practitioner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Oneida
    State
    New York
    Longitude
    -75.4527863
    Latitude
    43.2385619

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    FAQs

    What type of property is this?
    School - Prime Commercial Redevelopment Opportunity
    Where is this school located?
    The property is located at 800 Cypress St Rome, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 64,930± SF two-story former school on 15.1± acres.; Features 26 classrooms, gym, cafeteria/kitchen, and administrative offices, plus playing fields.; Utilities include public water, sewer, natural gas, and electricity.
    Request Owner's contact information
    800 Cypress St Rome, NY 13440
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    Rome, NY 13440
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    800 Cypress St Rome, NY 13440
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