0 Prospect St Sherman, NY 14781
This exceptional 9.04-acre property in Sherman, New York, presents a unique investment opportunity. Located at 0 Prospect Street, this commercially zoned land boasts a large open area ideal for development, complemented by a significant portion of wooded acreage to the east. The property's versatility allows for a wide range of business ventures. Beyond commercial development, the land offers potential for timber harvesting and recreational pursuits such as hunting. Its proximity to trails enhances its appeal for outdoor enthusiasts, providing easy access to biking, hiking, and snowmobiling opportunities. Convenient access to village water and sewer services, along with readily available electric and gas lines, simplifies the development process. The property's zoning and infrastructure make it suitable for various commercial projects or even a residential development. The combination of open space and wooded areas creates a unique setting with significant potential for future growth and development. This prime location offers an exceptional chance to capitalize on the many possibilities this land presents. The asking price is $68,500.
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
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.