Property profile

1000 State Rte 12 Hwy Sangerfield, NY 13480

OFF-MARKET
Land
9 ac lot
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Property summary

AI-generated overview

Exceptional commercial land opportunity in Waterville, NY, totaling 9 acres (392,040 sq ft) at the intersection of State Route 12 and US Route 20. This high-visibility site boasts 606 feet of frontage on NY Route 12 and additional frontage on US Route 20, providing excellent ingress and egress. The property is already approved for an 80,000 sq ft building and three outparcels, offering significant development potential. Existing infrastructure includes public water, natural gas, and 3-phase power, along with excellent septic capabilities. A house on the site could be renovated for office space or demolished for new construction. The location is surrounded by established businesses including Michaels Fine Dining, Titan Homes Mfg, White's Farm Supply, Webb's Lumber, Napa Auto, and National Grain Silos. This strategic location provides access to a major truck route, serving Oneida, Madison, Otsego, Herkimer, and Chenango counties, and over 40 towns and communities. The area has a high demand for various services including grocery, pharmacy, banking, fast food, and a truck stop with a diner and gas station. The asking price is $650,000, with ample parking for 255 vehicles. This shovel-ready property presents a unique opportunity for developers seeking a prime location with significant growth potential. The property's zoning allows for a wide range of commercial uses. The annual tax amount is $1998.

Property profile

Verified
Property type Land
Lot 9 ac (392,040 SF)

Cap rate & NOI

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

Location

1000 State Rte 12 Hwy Sangerfield, NY 13480
Sangerfield 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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