Us Route 11 Hastings, NY 13076
This exceptional 200-acre site in Hastings, NY, presents a unique investment opportunity. Located on US Route 11, it boasts unparalleled access to major transportation arteries, including proximity to a major interstate on-ramp (less than 1.5 miles) and existing rail lines. The property's 2,928 square feet of existing industrial space provides a solid foundation for immediate development or expansion. Its strategic location offers significant advantages for businesses seeking a presence near the Micron Fab manufacturing facility (within minutes' drive). The municipality is pro-development, streamlining the approval process for various projects. This versatile site is ideal for a wide range of commercial, industrial, or manufacturing uses, including distribution centers or office complexes. Beyond commercial applications, the expansive acreage presents a compelling opportunity for high-density residential development, with the potential to create a substantial multi-unit housing community. Full utilities are available, making this a turnkey solution for developers. The asking price of $9,500,000 reflects the exceptional value and potential of this strategically located property. This is a rare chance to acquire a large-scale site with significant upside potential in a thriving area. The property is also listed as Lot/Land under S1521167.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.