Technical
Financial
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Property profile

858 Ny-434 Owego, NY 13827

OFF-MARKET
Land
74.96 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 74.96 ac (3,265,258 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

858 Ny-434 Owego, NY 13827
Owego metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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