Property profile

4647 Ny-31 Clay, NY 13041

OFF-MARKET
Land
21.77 ac lot
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Property summary

AI-generated overview

This exceptional 21.77-acre agricultural property in Clay, New York, presents a remarkable investment opportunity. Located just one mile from the recently approved Micron chip plant – the largest private investment in New York State history – this land boasts significant development potential. The property features over 900 feet of frontage on Route 31, providing excellent visibility and accessibility. Its level and partially wooded terrain offers versatility for various projects, including single-family homes, multi-family housing, apartments, townhomes, or commercial buildings. A zone variance application is available for review. This prime location sits conveniently between highways 481 and 81, offering easy access to major transportation routes. Water is readily available at the roadside. This is an unparalleled chance to capitalize on the substantial economic growth spurred by the Micron project and transform this land into a highly profitable venture. The property's size and location make it an ideal candidate for large-scale development, promising substantial returns for the discerning investor. Don't miss this chance to secure a piece of this rapidly developing area.

Property profile

Verified
Property type Land
Lot 21.77 ac (948,301 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4647 Ny-31 Clay, NY 13041
Clay metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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