0 Crk Rd & Erie Rd Derby, NY 14047
This exceptional 30-acre commercial land parcel presents a unique investment opportunity in Derby, New York. Strategically located between South Creek Road and Erie Road (Route 5), this property offers unparalleled access and visibility. Currently approved for residential commercial development, it boasts the potential for a multi-family development with up to 55 lots, as per a previously approved subdivision plan. All essential utilities are readily available on-site, including water, telephone, cable, electricity, gas, and irrigation, simplifying the development process. A recent appraisal and a completed mitigation report (October 1st, 2012) are available for review. The property's advantageous location, just south of 18 Mile Creek and east of Lake Erie, provides a desirable setting for residential or commercial ventures. The parcel is identified by SBL 193.13-1-33 and is offered at an attractive asking price of $389,000. This is a rare opportunity to acquire a significant land holding with pre-approved development plans in a highly sought-after location. Don't miss this chance to capitalize on the potential of this exceptional property. Contact us today to learn more.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.