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    OFF-MARKET
    Commercial real estate

    4531 State Rte 31, Clay, NY 13041-8770

    1,728 SF 19.36 ac lot Built 1989
    Entity Owned 14-yr Hold Free & Clear
    Property ID
    US63-4081271
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1989
    Total area 1,728 SF
    Lot 19.36 ac (843,322 SF)
    Zoning code 04 - FARM
    APN 312489 029.-01-10.1
    UPID US63-4081271
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    The Glider Oil Co INC · 14 yrs held
    The Glider Oil Co INC
    since 2012
    1 recorded transaction
    2012
    $1.7M
    Zoning & alternative use
    04 - FARM · Clay, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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