455 Lafayette Rd Syracuse, NY 13205
- Golf courses & driving ranges
- 84.24 lot acres
Current Use by Public Records
- Golf courses & driving ranges
Property Details for 455 Lafayette Rd
- Lot size
- 84.24 lot acres
- Zone code
- 05 - COMMERCIAL
- Property type
- Golf courses & driving ranges
- APN
- 311500 063.-02-01.1
- APU
- 31150006302011
Description
This exceptional 73.81-acre parcel presents a rare investment opportunity in Syracuse, New York. Located at 455 Lafayette Rd, 13205, this expansive property boasts world-class views and represents the largest single parcel of available land within the city limits. Previously the site of the Lafayette Hills golf course, this land is zoned for residential development, perfectly positioned to capitalize on the surging demand for housing driven by Micron's planned $100 billion investment in the local area. The property's convenient location in Onondaga County, Syracuse, NY offers easy access to major transportation routes and amenities. This significant landholding offers substantial potential for a variety of residential projects, catering to the growing population influx. Seller financing is available, making this an attractive proposition for developers seeking a large-scale project. While a neighboring 85-acre parcel is also available for purchase, this 73.81-acre lot is being offered individually. The property's size and prime location make it an unparalleled opportunity for significant returns in a rapidly expanding market. Detailed site plans and surveys are available upon request. This is a unique chance to acquire a substantial piece of Syracuse's future.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,875,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,330,000
- 6.5%
- $3,495,000
- 7%
- $3,230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,335,000
- Geo Method
- $3,030,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,180,000
- Retail
- $3,380,000
- Mixed-Use
- $3,735,000
- Hospitality
- $3,470,000
- Educational
- $3,335,000
- Residential Income
- $3,530,000
- Energy
- $3,855,000
- Income-Based Land
- $3,670,000
- Food Service
- $2,945,000
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.1273
- Latitude
- 42.9917
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA