4480 Lafayette Rd Jamesville, NY 13078-9837
- Golf courses & driving ranges
- 13,684 SF
- 84.24 lot acres
Current Use by Public Records
- Golf courses & driving ranges
Property Details for 4480 Lafayette Rd
- Year built
- 1988
- Lot size
- 84.24 lot acres
- Property size
- 13,684 SF
- Zone code
- 02 - SINGLE RESIDENCE
- Property type
- Golf courses & driving ranges
- APN
- 314200 036.-01-05.0
- APU
- 31420003601050
Description
This exceptional 84-acre property presents a rare development opportunity in the thriving Syracuse, New York market. Located at 4480 Lafayette Rd, Jamesville, in Onondaga County (zip code 13078), this expansive land parcel boasts world-class views and is situated in a desirable neighborhood. Currently zoned for residential use, this site is ideally suited for the development of single-family homes or multi-family housing, aligning perfectly with the current high demand for housing in the area. The property's history as the former Lafayette Hills Country Club adds to its unique appeal. The asking price for this significant land holding is $3,500,000. Seller financing is available, making this an even more attractive proposition for qualified buyers. The New York State government is actively promoting incentives for housing development, including streamlining zoning regulations, further enhancing the potential return on investment for this project. This is a truly exceptional opportunity to acquire one of the last remaining large tracts of land in the Syracuse market, poised for significant growth and development. The property's latitude and longitude coordinates are 42.9850769 and -76.124594 respectively.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,920,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,240,000
- 6.5%
- $3,485,000
- 7%
- $3,080,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,305,000
- Geo Method
- $2,750,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,180,000
- Retail
- $2,860,000
- Mixed-Use
- $3,240,000
- Hospitality
- $3,025,000
- Educational
- $2,825,000
- Residential Income
- $2,835,000
- Energy
- $2,615,000
- Income-Based Land
- $2,875,000
- Food Service
- $2,880,000
Location Insight
- Map
- Local Demand
- City
- Jamesville
- County
- Onondaga
- State
- New York
- Longitude
- -76.1248
- Latitude
- 42.9856
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA