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    OFF-MARKET
    Office buildings

    6800 Bay Rd, Cicero, NY 13039-9802

    2,778 SF 69 ac lot Built 1975
    Individually Owned 11-yr Hold Free & Clear
    Property ID
    US63-3832977
    Property summary
    AI-generated overview

    This exceptional offering comprises four strategically located development parcels totaling 80 acres in Cicero, NY, near the burgeoning Micron development. The property boasts an impressive 3,484,800 square feet and includes a 2.1-acre marina with 120 slips (6723 & 6727 Lakeshore Rd), zoned General Commercial, offering 811 feet of lakefront road frontage. An 8.9-acre multi-residential parcel (6722 Lakeshore Rd) is ready for development, previously permitted for 72 condo units, with potential for significantly more, featuring 670 feet of Lakeshore Rd and 997 feet of South Bay Rd frontage. A substantial 69-acre mixed-use parcel (6800 South Bay Rd) offers a blend of Neighborhood Commercial and Agricultural zoning, including an existing office building and 2089 feet of South Bay Rd frontage. This unique assemblage is ideally situated near Oneida Lake, a prestigious country club, and Syracuse Hancock International Airport, providing excellent access and attracting significant interest. Zoning allows for at least 680 total units across the parcels, presenting a rare opportunity to create a thriving community or commercial hub in a rapidly growing area. This is a once-in-a-lifetime chance to capitalize on the region's economic expansion and create a landmark development.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1975
    Total area 2,778 SF
    Lot 69 ac (3,005,640 SF)
    APN 312289 080.-02-35.0
    UPID US63-3832977
    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
    by Request
    Owner & transaction history
    Avraham Ovadia · 11 yrs held
    Avraham Ovadia
    since 2015
    2 recorded transactions
    2015
    2013
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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