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    OFF-MARKET
    Commercial real estate

    106 Horton Rd, Newfield, NY 14867

    11,064 SF 4 ac lot Built 1975
    Property ID
    US63-0088280
    Property summary
    AI-generated overview

    This versatile 11,064 square foot light industrial/warehouse/office complex sits on a generous 4-acre lot, conveniently located approximately 7 miles outside of Ithaca, New York. The property boasts a unique blend of spaces, ideal for a variety of businesses. Currently occupied by a contracting company, it previously housed a millwork business, showcasing its adaptability. The industrial and warehouse areas offer a combination of heated and unheated space, providing flexibility for diverse storage and operational needs. Clear ceiling heights range from 12 to 20 feet, facilitating efficient material handling. Multiple ground-level overhead doors and large sliding doors ensure easy access for loading and unloading. The property features a robust electrical system with 400 AMP 3-phase power available with the installation of a converter. Office space includes a reception area, several offices, meeting rooms, and restrooms, providing a comfortable and functional workspace. Beyond the building itself, ample on-site parking is available, along with significant yard space. The expansive 4-acre lot presents substantial potential for future expansion. Importantly, there are no restrictive zoning ordinances impacting the property's development possibilities. This property offers a unique opportunity for a business seeking a well-equipped, spacious facility with significant land for growth.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1975
    Total area 11,064 SF
    Lot 4 ac (174,240 SF)
    UPID US63-0088280
    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
    • Midstate Basement Authorities, Inc. Hardware & Home Improvement Construction Company
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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