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    92 Colonial Dr Horseheads, NY 14845

    Sponsored
    For Sale
    $870,000

    20-Acre Development Opportunity in NY

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 20.1-acre commercial land parcel presents a significant development opportunity in Horseheads, New York. Ideally situated within a regional retail corridor, this level site boasts excellent visibility from Interstate 86, strategically located between exits 51 and 52, with convenient proximity to the exit 51B slip ramp. The property features approximately 400 feet of frontage along Colonial Drive. Zoned for Planned Unit Development (PUD), this site offers considerable flexibility for a variety of commercial projects. Public sewer and water are readily available on-site. The property's tax map ID numbers are 58.04-1-1.1 & 58.04-1-2.111. While a sale of the entire parcel is strongly preferred, the seller will consider alternative options. Please note that the exact acreage will be determined by a survey, and mineral rights are not included in the sale. This is a rare opportunity to acquire a substantial, well-located commercial land parcel with significant development potential. The asking price for this prime property is $870,000.

    Property Features for 92 Colonial Dr

    General Information

    Property type
    Land
    Lot Size
    875,556 SF

    HighLights

    • 20+ acre development site in a prime retail corridor.
    • Level lot with excellent I‑86 visibility.
    • Zoned for Planned Unit Development (PUD).
    • Public sewer and water available on‑site.
    • Seller prefers sale of entire parcel, but will consider alternatives.
    • Acreage to be verified by survey.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Horseheads
    County
    Chemung
    State
    New York
    Longitude
    -76.8598262
    Latitude
    42.163492

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    FAQs

    What type of property is this?
    Land - 20-Acre Development Opportunity in NY
    Where is this land located?
    The property is located at 92 Colonial Dr Horseheads, NY.
    What is the asking price?
    The asking price for this property is $870,000.
    What are key features of this property?
    This property features: 20+ acre development site in a prime retail corridor.; Level lot with excellent I-86 visibility.; Zoned for Planned Unit Development (PUD).
    Request Owner's contact information
    92 Colonial Dr Horseheads, NY 14845
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    Horseheads, NY 14845
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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
    92 Colonial Dr Horseheads, NY 14845
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