4531 State Rte 31, Clay, NY 13041-8770
This exceptional 900 square foot mixed-use property, situated on a substantial 19.36-acre lot at 4531 State Route 31 in Clay, New York, presents a compelling redevelopment opportunity. Its prime location along Route 31 ensures high visibility and accessibility, making it ideal for a variety of commercial ventures. The existing structure offers a solid foundation for a new development, allowing for significant customization and expansion to suit the needs of a discerning investor. The expansive acreage provides ample space for parking, outdoor amenities, or potential expansion of the building footprint. The asking price of $3,000,000 reflects the significant potential inherent in this property's location and size. This is a rare chance to acquire a substantial parcel in a high-traffic area with considerable upside potential. The property's current condition is suitable for redevelopment, offering a blank canvas for a creative vision. Given the strategic location and the size of the land, this property is well-suited for a range of commercial uses, from retail and office space to light industrial or hospitality. Serious inquiries are encouraged to explore the possibilities this unique opportunity presents. The property is ready for immediate development, allowing for a swift return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
04 - FARM · Clay, NYClay. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.