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    FOR SALE
    Commercial real estate

    8565 Morgan Rd, Clay, NY 13041

    6.44 ac lot
    Entity Owned 14-yr Hold Free & Clear
    Property ID
    US63-4706985
    Property summary
    AI-generated overview

    This exceptional 8.27-9 acre commercial land parcel in Clay, NY, presents a unique investment opportunity. Strategically located at 8565 Morgan Road, this property boasts 674 feet of frontage and 1227 feet of depth, offering significant development potential. Its prime location is less than three miles from the White Pine Commerce Center, home to Micron Technology's substantial $100 billion chip manufacturing facility, ensuring strong future growth. The property is also conveniently situated less than a mile from the soon-to-be-renovated Great Northern Mall, a $50 million mixed-use lifestyle center. This corner lot provides excellent access from Morgan Road to Route 31, a major traffic corridor connecting Clay, Cicero, Lysander, Van Buren, Liverpool, and Salina. All utilities, including public sewer, are readily available on-site. The property is divisible into parcels of 3 acres or more, catering to various development needs. Ideal uses include retail, medical, or general office spaces, capitalizing on the area's high growth and strategic location within Onondaga County. The adjacent Morgan Square Senior Housing development further enhances the area's appeal and provides a stable neighboring community. This is a rare opportunity to acquire a substantial commercial land parcel in a rapidly developing area with exceptional access and infrastructure. The asking price is $1,560,000.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 6.44 ac (280,526 SF)
    Zoning code 04 - FARM
    APN 312489 055.-01-13.1
    UPID US63-4706985
    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
    Morgan Road Route 31 LLC · 14 yrs held
    Morgan Road Route 31 LLC
    since 2012
    2 recorded transactions
    2012
    $175,000
    2012
    $550,000
    Zoning & alternative use
    04 - FARM · Clay, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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