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    OFF-MARKET
    Land

    5059 Ny-31, Clay, NY 13041

    1.07 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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