0 Rt 96 Farmington, NY 14425
This exceptional 16-acre commercial land parcel presents a remarkable investment opportunity in Farmington, New York. Located just minutes from the Thruway, this strategically positioned property boasts a General Business (GB) zoning designation, opening doors to a wide array of commercial development possibilities. Preliminary approvals are in place for a substantial 120,000 square foot building, providing a solid foundation for immediate project planning. The site's versatility allows for diverse uses, ranging from office and warehouse spaces to retail establishments, catering to a broad spectrum of business needs. Essential utilities are readily accessible, with water, gas, electricity, and fiber optic connectivity available at the roadside. While situated within a sewer district, a direct sewer main connection is not currently available on-site. This property offers significant potential for developers seeking a well-located, sizable tract of land with existing approvals, poised for immediate development and substantial return on investment. The asking price is $449,900. Broker co-op is available. The property is located at 0 Rt 96, Farmington, NY 14425.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.