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Property profile & analytics
OFF-MARKET
Land

1477 Ny-38 Owego, NY 13827

10.9 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 10.9-acre (with potential for an additional 4.5 contiguous acres) industrial land parcel presents a unique development opportunity in Owego, New York. Located on Route 38, the property boasts high visibility and significant frontage, ensuring excellent exposure to substantial traffic volume. The site is zoned for industrial use and benefits from its proximity to the Tioga County Industrial Park, fostering a collaborative and supportive environment for businesses. The property is conveniently situated near the Owego & Harford Line (OHRY) railroad, providing convenient access to rail transportation. Utilities are readily available, with water and gas service accessible at the street. The location offers easy access to major transportation arteries, being only 3 miles from NY-17/I-86, facilitating efficient logistics and distribution. The area is home to established businesses such as Norwesco, Upstate Shredding, and Lockheed Martin, indicating a strong and diverse industrial presence. This high and dry site has no prior industrial uses, offering a clean slate for development. The asking price for this strategically located property is $495,000. This presents a compelling investment opportunity for developers seeking a prime location with excellent infrastructure and access to a thriving industrial community. The potential for expansion to 15.5 acres further enhances the value and development potential of this exceptional offering.

Property profile
Verified
Property type Land
Lot 10.9 ac (474,804 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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