4561 Commercial DrNew Hartford, NY 13413

Property Details for 4561 Commercial Dr

Year built

1950

Lot size

0.69 AC

Property size (Sq ft)

4,320 SF

Zone code

05 - COMMERCIAL

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

304889 328.008-1-22

APU

304889328008122

Description

This exceptional 2-acre commercial land parcel presents a unique redevelopment opportunity in the thriving New Hartford retail corridor. Strategically located along Commercial Drive, this property enjoys unparalleled visibility and accessibility, situated adjacent to Price Chopper Plaza and directly across from the prominent Sangertown Square Mall. The site benefits from its proximity to a concentration of major national retailers, including Hannaford, Red Lobster, Dick's Sporting Goods, Home Goods, Boscov's, and Target, ensuring high foot traffic and strong consumer demographics. Currently offered as a single-tenant property, this site is ideal for developers seeking to capitalize on the area's robust retail environment. The property's prime location and surrounding retail density offer significant potential for a variety of commercial developments. The annual lease price is $95,000 NNN, providing a strong return on investment for the right development project. This is a rare opportunity to acquire a highly visible and strategically located parcel in one of New Hartford's most successful retail areas. Don't miss this chance to build your next successful venture in a prime location with established consumer traffic. The property is zoned for commercial use. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,330,712

  6.5%

  $1,228,350

  7%

  $1,140,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $880,780

  Geo Method

  $874,899

• Alternative Use

  Use

  Valuation

  Residential

  $1,228,350

  Hospitality

  $1,125,162

  Educational

  $936,121

  Medical

  $968,316

  Retail

  $1,456,189

Location Insight

City

New Hartford

County

Oneida

State

New York

Latitude

43.0859

Longitude

-75.3173

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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