Property profile

4480 Lafayette Rd Jamesville, NY 13078

FOR SALE
Golf courses & driving ranges
Property ID
US63-4178941
13,684 SF 84.24 ac lot Built 1988
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Golf courses & driving ranges
Use group COUNTRY CLUB
Year built 1988
Total area 13,684 SF
Lot 84.24 ac (3,669,494 SF)
Zoning code 02 - SINGLE RESIDENCE
APN 314200 036.-01-05.0
UPID US63-4178941

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

4480 Lafayette Rd Jamesville, NY 13078
Jamesville metro Census 16100 SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.73M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.92M

Owner & transaction history

since 2022
Last sale
$3.2M
2 recorded transactions
2022
$3.2M
2016
$500

Zoning & alternative use

02 - SINGLE RESIDENCE · Jamesville, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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