Property profile

455 Lafayette Rd Syracuse, NY 13205

OFF-MARKET
Golf courses & driving ranges
Property ID
US63-2964421
84.24 ac lot
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 73.81-acre parcel presents a rare investment opportunity in Syracuse, New York. Located at 455 Lafayette Rd, 13205, this expansive property boasts world-class views and represents the largest single parcel of available land within the city limits. Previously the site of the Lafayette Hills golf course, this land is zoned for residential development, perfectly positioned to capitalize on the surging demand for housing driven by Micron's planned $100 billion investment in the local area. The property's convenient location in Onondaga County, Syracuse, NY offers easy access to major transportation routes and amenities. This significant landholding offers substantial potential for a variety of residential projects, catering to the growing population influx. Seller financing is available, making this an attractive proposition for developers seeking a large-scale project. While a neighboring 85-acre parcel is also available for purchase, this 73.81-acre lot is being offered individually. The property's size and prime location make it an unparalleled opportunity for significant returns in a rapidly expanding market. Detailed site plans and surveys are available upon request. This is a unique chance to acquire a substantial piece of Syracuse's future.

Property profile

Verified
Property type Golf courses & driving ranges
Use group COUNTRY CLUB
Lot 84.24 ac (3,669,494 SF)
Zoning code 05 - COMMERCIAL
APN 311500 063.-02-01.1
UPID US63-2964421

Cap rate & NOI

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

Location

455 Lafayette Rd Syracuse, NY 13205
Syracuse metro Census 6102 SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.72M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.71M

Owner & transaction history

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

Zoning & alternative use

05 - COMMERCIAL · Syracuse, 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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