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    000 Colonial Dr Horseheads, NY 14845

    Sponsored
    For Sale
    $575,000

    6.52 Acres, Prime Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 6.52-acre commercial land parcel presents a remarkable development opportunity in Big Flats, NY, ideally situated just off the I-86 westbound exit ramp onto Colonial Drive. Directly across from Raymour & Flanigan's, this property boasts a highly visible location with excellent access to major thoroughfares. The site is zoned Business Regional (BR), allowing for a variety of commercial uses. A concept plan (not binding) originally proposed two outparcels, each starting at 2.55 acres, offering flexibility for developers. The property's strategic location provides convenient access to the Arnot Mall, Elmira Corning Regional Airport, and Airport Corporate Park, placing it within a thriving commercial hub. Nearby amenities include regional retail, hotels, restaurants, and auto sales, ensuring high visibility and customer traffic. Its central location between Elmira and Corning, NY, offers easy access to the Finger Lakes Wine Region and provides a strong foundation for a successful commercial venture. Public utilities are readily available. The property is adjacent to and behind the New York State Armory. The asking price is $575,000, translating to $88,190 per acre. The APN is 58.01-2-28.12. This prime location, coupled with its zoning and accessibility, makes this an unparalleled investment opportunity.

    Property Features for 000 Colonial Dr

    General Information

    Property type
    Land
    Lot Size
    284,011 SF

    HighLights

    • Excellent Interstate 86 (westbound) access.
    • High‑visibility location across from Raymour & Flanigan's.
    • Strong surrounding retail, hospitality, and automotive businesses.
    • Conveniently situated between Elmira and Corning.
    • Easy access to NY Route 14 North towards Watkins Glen.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair 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
    -76.861542909766
    Latitude
    42.160859101789

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    FAQs

    What type of property is this?
    Land - 6.52 Acres, Prime Commercial Land
    Where is this land located?
    The property is located at 000 Colonial Dr Horseheads, NY.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Excellent Interstate 86 (westbound) access.; High-visibility location across from Raymour & Flanigan's.; Strong surrounding retail, hospitality, and automotive businesses.
    Request Owner's contact information
    000 Colonial Dr 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
    000 Colonial Dr Horseheads, NY 14845
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