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    520 Bone Plain Rd Freeville, NY 13068

    Sponsored
    For Sale
    $225,000

    Prime Finger Lakes location, 7-lot potential.

    Property size:
    720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.72-acre mobile home park presents a lucrative investment opportunity in the desirable Freeville, New York area. Located at 520 Bone Plain Road, this property boasts a convenient commute to Ithaca and easy access to the stunning Finger Lakes region. The park currently features 4 occupied mobile home lots, leaving ample room for expansion with an additional 3 potential lots. Built in 1977, the park offers a total of 720 square feet of existing structures, and 14 parking spaces are available for residents. The asking price is $225,000, translating to $347.22 per square foot. The property's APN is 502489-021-000-0001-039-001-0000. This turnkey operation provides immediate income potential and significant upside for growth. With its prime location and expansion possibilities, this mobile home park represents a rare chance to acquire a thriving business in a sought-after area. The property is zoned for mobile home use and offers a solid foundation for a successful investment. Don't miss this opportunity to own and expand your own mobile home park in the heart of the Finger Lakes.

    Property Features for 520 Bone Plain Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    720 SF
    Lot Size
    249,163 SF

    Building Details

    Year Built
    1977
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Food Market Farmer's Market Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeville
    County
    Tompkins
    State
    New York
    Longitude
    -76.4266376
    Latitude
    42.5308714

    Nearby Comparable

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      Ithaca Office Building - 1.93 Acres

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - Prime Finger Lakes location, 7-lot potential.
    Where is this multifamily property located?
    The property is located at 520 Bone Plain Rd Freeville, NY.
    What is the asking price?
    The asking price for this property is $225,000.
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    520 Bone Plain Rd Freeville, NY 13068
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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
    520 Bone Plain Rd Freeville, NY 13068
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