1000 State Rte 12 Hwy, Sangerfield, NY 13480
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.