0 Caughdenoy Rd Clay, NY 13041
This exceptional 71.35-acre parcel in Clay, New York, presents a remarkable investment opportunity. Strategically located minutes from the burgeoning Micron Chip Plant area, this conventionally situated land boasts approximately 880 feet of road frontage on Caughdenoy Road, easily accessible just past Mud Mill Road. The frontage has been cleared, and a culvert cut provides convenient parcel entry. The property's level topography offers significant development potential for a variety of uses, including multi-family dwellings or an apartment complex. The expansive acreage allows for substantial projects, making it an ideal location for large-scale development. This property is situated within the North Syracuse School District and the Town of Clay, benefiting from established infrastructure and community amenities. An additional 15 acres adjoins the east side of the property, though it lacks road frontage. The property's APN is 312489-042-000-0001-008-001-0000. The asking price for this significant landholding is $3,500,000. This is a rare opportunity to acquire a large, well-located parcel with exceptional development potential in a rapidly growing area.
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
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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.