Property profile

92 Colonial Dr Horseheads, NY 14845

FOR SALE
Commercial land
Property ID
US63-1877951
17.7 ac lot
Entity Owned Absentee Owner Free & Clear
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92 Colonial Dr, Horseheads, NY 14845 For Sale
$870,000
92 Colonial Dr, Horseheads, NY 14845
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Property summary

AI-generated overview

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 profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 17.7 ac (771,012 SF)
Zoning code TH08
APN 073489 58.04-1-1.1
UPID US63-1877951

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

92 Colonial Dr Horseheads, NY 14845
Horseheads metro Census 10701 ELMIRA, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

Zoning & alternative use

TH08 · Horseheads, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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