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    858 Ny-434 Owego, NY 13827

    Sponsored
    For Sale
    $450,000

    75 Acres, Highway Frontage, Build-to-Suit

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 74.96-acre development site in Owego, New York, presents a unique investment opportunity. Strategically located on State Route 434, directly fronting Route 17 (the future Interstate 86), this property boasts unparalleled visibility and accessibility. Less than two-tenths of a mile from a highway interchange, it enjoys significant exposure to high traffic volumes. The site's prime location is further enhanced by its proximity to the Lockheed Martin facility (Presidential Marine One Helicopter Facility) across the river and the Tioga County Mixed Use Development Project (Phase Two currently under construction, adding 93 additional residential units). Phase One of this project, the Owego Gardens Multi-Family Complex (62 units), has consistently maintained full occupancy. The property offers on/off highway access in both directions, providing convenient access for businesses and residents. Zoned Highway Business Interchange, this land is suitable for a wide range of commercial uses, including retail, office, industrial, warehouse, or other commercial developments. The seller is open to exploring all options, including sale, lease, or build-to-suit arrangements. This property is situated within an economic development zone, offering potential for additional incentives. Note that an additional 8 acres with commercial frontage on State Route 434, also zoned Highway Business Interchange, are available for separate purchase.

    Property Features for 858 Ny-434

    General Information

    Property type
    Land
    Lot Size
    3,265,258 SF

    HighLights

    • 74.96‑acre development site in Owego, NY, with highway frontage on Route 17 (future I‑86).
    • Sale, lease, or build‑to‑suit options available.
    • Located across from Lockheed Martin facility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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
    Owego
    County
    Tioga
    State
    New York
    Longitude
    -76.243953
    Latitude
    42.098769

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    FAQs

    What type of property is this?
    Land - 75 Acres, Highway Frontage, Build-to-Suit
    Where is this land located?
    The property is located at 858 Ny-434 Owego, NY.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 74.96-acre development site in Owego, NY, with highway frontage on Route 17 (future I-86).; Sale, lease, or build-to-suit options available.; Located across from Lockheed Martin facility.
    Request Owner's contact information
    858 Ny-434 Owego, NY 13827
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    Owego, NY 13827
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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
    858 Ny-434 Owego, NY 13827
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