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    8894 Caughdenoy Rd Clay, NY 13041

    Sponsored
    For Sale
    $695,000

    Prime Micron Plant location. High rental potential.

    Property size:
    13 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property in Clay, New York, presents a compelling investment opportunity. Located at 8894 Caughdenoy Road, this 1,400 square foot property boasts a prime location offering quick access to the Micron plant, making it an ideal site for various uses. Currently zoned I-1, it allows for multiple repurposing options, providing flexibility for future development. The existing structure, a three-bedroom, one-and-a-half-bathroom home, offers immediate rental income potential, estimated at approximately $2,000 per month. The property also features over 400 feet of deeded road frontage, adding to its overall value and potential. This property is also listed under residential MLS#S1472105. With its strategic location, versatile zoning, and existing rental income stream, this property represents a unique chance to capitalize on the growth surrounding the Micron plant, whether as a short-term rental investment or a longer-term holding. The asking price is $695,000.

    Property Features for 8894 Caughdenoy Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    13 SF

    HighLights

    • Prime location near the Micron plant.
    • I‑1 zoning allows for multiple development options.
    • Existing 1,400 sq ft home with over 400 ft of road frontage, offering potential rental income of approximately $2,000/month.
    • Also listed as residential property (MLS#S1472105).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Clay
    County
    Onondaga
    State
    New York
    Longitude
    -76.1671837
    Latitude
    43.2009891

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Micron Plant location. High rental potential.
    Where is this mixed-use property located?
    The property is located at 8894 Caughdenoy Rd Clay, NY.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Prime location near the Micron plant.; I-1 zoning allows for multiple development options.; Existing 1,400 sq ft home with over 400 ft of road frontage, offering potential rental income of approximately $2,000/month.
    (315) 682-4500
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    8894 Caughdenoy Rd Clay, NY 13041
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    Clay, NY 13041
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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
    8894 Caughdenoy Rd Clay, NY 13041
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