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    396 Elizabethtown Rd Ilion, NY 13357

    Sponsored
    For Sale
    $1,800,000

    10,578 SF, 32.8 Acres, $1.8M

    Property size:
    10,578 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,578-square-foot special purpose property, situated on a sprawling 32.8-acre lot in Columbia, New York (Herkimer County, zip code 13357), presents a unique investment opportunity. The property, located at 396 Elizabethtown Road, boasts an impressive history, having been extensively renovated by renowned architect Frank Falino and featured in various publications. Currently operating as a successful bed and breakfast, this property offers the potential for continued income generation or a transition to a private residence. The property's construction cost would exceed $3 million in today's market. Key features include two designated helicopter landing areas, three ponds, and a stunning natural setting. The property also benefits from solar panel income generation and first-floor radiant heating. Recent upgrades include a new $30,000 propane heating system. Further details and stunning visuals can be found by searching "Cristman Barn & Events" on Facebook and Google. The asking price for this remarkable estate is $1,800,000. This is a rare chance to acquire a truly exceptional property in Upstate New York. The property is zoned for commercial use.

    Property Features for 396 Elizabethtown Rd

    General Information

    Property type
    Land
    Square Feet
    10,578 SF

    HighLights

    • $1,800,000 asking price.
    • 10,578 square foot special purpose property on 32.8 acres in Columbia, NY.
    • Located at 396 Elizabethtown Road, Ilion, NY 13357.
    • Features include two helicopter landing areas, three ponds, and a recently updated propane heating system.
    • Currently operates as a successful BNB with potential for continued income generation or conversion to other uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cristman Barn + Events Event Venue

    Suggested Use

    Restaurant Hotel & Motel Gym & Fitness Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Ilion
    County
    Herkimer
    State
    New York
    Longitude
    -75.1005522
    Latitude
    42.9438354

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 10,578 SF, 32.8 Acres, $1.8M
    Where is this land located?
    The property is located at 396 Elizabethtown Rd Ilion, NY.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: $1,800,000 asking price.; 10,578 square foot special purpose property on 32.8 acres in Columbia, NY.; Located at 396 Elizabethtown Road, Ilion, NY 13357.
    Request Owner's contact information
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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
    396 Elizabethtown Rd Ilion, NY 13357
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