000 Colonial Dr, Horseheads, NY 14845
This exceptional 6.52-acre commercial land parcel presents a remarkable development opportunity in Big Flats, NY, ideally situated just off the I-86 westbound exit ramp onto Colonial Drive. Directly across from Raymour & Flanigan's, this property boasts a highly visible location with excellent access to major thoroughfares. The site is zoned Business Regional (BR), allowing for a variety of commercial uses. A concept plan (not binding) originally proposed two outparcels, each starting at 2.55 acres, offering flexibility for developers. The property's strategic location provides convenient access to the Arnot Mall, Elmira Corning Regional Airport, and Airport Corporate Park, placing it within a thriving commercial hub. Nearby amenities include regional retail, hotels, restaurants, and auto sales, ensuring high visibility and customer traffic. Its central location between Elmira and Corning, NY, offers easy access to the Finger Lakes Wine Region and provides a strong foundation for a successful commercial venture. Public utilities are readily available. The property is adjacent to and behind the New York State Armory. The asking price is $575,000, translating to $88,190 per acre. The APN is 58.01-2-28.12. This prime location, coupled with its zoning and accessibility, makes this an unparalleled investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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