Property profile

5059 Ny-31 Clay, NY 13041

OFF-MARKET
Land
1.07 ac lot
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Property summary

AI-generated overview

This exceptional 1.07-acre residential lot presents a unique opportunity in Clay, New York. Ideally situated on the high-traffic corner of Route 31 and Caughdenoy Road, this level parcel offers unparalleled convenience and accessibility. Its prime location places it just minutes away from the highly anticipated Micron chip fabrication plant, promising significant future growth and development in the area. The property is zoned RES, allowing for residential construction. Utilities are readily available at the street, simplifying the development process and reducing upfront costs. The expansive lot size provides ample space for a substantial single-family home or a custom-designed residential project. Given its location and zoning, this property represents a compelling investment opportunity for those seeking to build in a rapidly developing and desirable community. The 1.07 acres offer a blank canvas for creating a dream home in a location poised for significant appreciation. This level lot eliminates the need for extensive site preparation, further enhancing its appeal and streamlining the construction timeline. The busy intersection ensures high visibility and easy access to major roadways, making it an attractive location for both residents and businesses. Don't miss this chance to secure a piece of Clay's burgeoning future. The asking price is $1,580,000.

Property profile

Verified
Property type Land
Lot 1.07 ac (46,609 SF)

Cap rate & NOI

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

Location

5059 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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