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    1477 Ny-38 Owego, NY 13827

    Sponsored
    For Sale
    $495,000

    10.9-15.5 Acres, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10.9-acre (with potential for an additional 4.5 contiguous acres) industrial land parcel presents a unique development opportunity in Owego, New York. Located on Route 38, the property boasts high visibility and significant frontage, ensuring excellent exposure to substantial traffic volume. The site is zoned for industrial use and benefits from its proximity to the Tioga County Industrial Park, fostering a collaborative and supportive environment for businesses. The property is conveniently situated near the Owego & Harford Line (OHRY) railroad, providing convenient access to rail transportation. Utilities are readily available, with water and gas service accessible at the street. The location offers easy access to major transportation arteries, being only 3 miles from NY-17/I-86, facilitating efficient logistics and distribution. The area is home to established businesses such as Norwesco, Upstate Shredding, and Lockheed Martin, indicating a strong and diverse industrial presence. This high and dry site has no prior industrial uses, offering a clean slate for development. The asking price for this strategically located property is $495,000. This presents a compelling investment opportunity for developers seeking a prime location with excellent infrastructure and access to a thriving industrial community. The potential for expansion to 15.5 acres further enhances the value and development potential of this exceptional offering.

    Property Features for 1477 Ny-38

    General Information

    Property type
    Land
    Lot Size
    474,804 SF

    HighLights

    • 10.9‑acre industrial site, Owego, NY, with potential for 4.5‑acre expansion.
    • Industrially zoned.
    • Adjacent to Owego & Harford Railway (OHRY).
    • Water and gas available at street.
    • 3 miles from NY‑17/I‑86.
    • Near Norwesco, Upstate Shredding, and Lockheed Martin.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Owego
    County
    Tioga
    State
    New York
    Longitude
    -76.2671835
    Latitude
    42.1478054

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    FAQs

    What type of property is this?
    Land - 10.9-15.5 Acres, High Visibility
    Where is this land located?
    The property is located at 1477 Ny-38 Owego, NY.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 10.9-acre industrial site, Owego, NY, with potential for 4.5-acre expansion.; Industrially zoned.; Adjacent to Owego & Harford Railway (OHRY).
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    1477 Ny-38 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
    1477 Ny-38 Owego, NY 13827
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