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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    5840 Bay Rd, Cicero, NY 13039

    20 ac lot
    Entity Owned 3-yr Hold
    Property ID
    US63-1028232
    Property summary
    AI-generated overview

    This exceptional 20-acre parcel in Cicero, New York, presents a prime opportunity for development. Ideally suited for a build-to-rent (BTR) community, this land offers significant potential for investors seeking a high-return project. Its strategic location provides easy access to major highways, placing residents within minutes of major shopping centers and the picturesque Oneida Lake. The property's proximity to the proposed Micron development further enhances its investment appeal. Cicero itself boasts a wealth of recreational amenities, including year-round activities and proximity to the Lakeshore Yacht and Country Club, complete with an 18-hole championship golf course and marina. Enjoy the convenience of being close to numerous tourist destinations, such as the Finger Lakes Wine Country, the Adirondack Mountains, and the Thousand Islands. Situated in central New York State, this location offers easy access to both New York City and Canada. This property is perfect for families, young professionals, and anyone seeking the beauty and convenience of upstate New York. The land is ready for development, offering a unique chance to create a thriving community in a desirable location. The attached flyer provides additional information on the area and its surrounding attractions.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 20 ac (871,200 SF)
    UPID US63-1028232
    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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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Gga Enterprises LLC · 3 yrs held
    Gga Enterprises LLC
    since 2022
    1 recorded transaction
    2022
    $385,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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