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    OFF-MARKET
    Land

    17 Lot#Wp001, Horseheads, NY 14845

    29.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 29.5-acre parcel in Horseheads, NY, presents a unique investment opportunity. Located adjacent to the heavily trafficked Southern Tier Expressway (Rt 86), it boasts over 2,000 feet of road frontage, ensuring high visibility. The land itself is a diverse mix of flat lowlands, marsh areas, and a wooded hillside, bisected by a powerline running along Rt 86. Two existing logging roads improve accessibility within the property, which was recently logged, offering potential future timber harvest income. Adding to the revenue potential is a currently installed billboard generating a small income stream. While the property offers a multitude of potential commercial uses, it's important to note that access is limited and not possible via Latta Brook Rd. Direct access is only possible from Rt 86. Prospective buyers should be aware that crossing the bridge to access the property is prohibited as it's private property without right-of-way or easement. This rarely available parcel offers significant potential for long-term investment and development in a high-traffic location. The asking price is $59,900, translating to approximately $2,031 per acre. Chemung County location, zip code 14845.

    Property profile
    Verified
    Property type Land
    Lot 29.5 ac (1,285,020 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
    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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