5840 Bay Rd, Cicero, NY 13039
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.