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    Property profile & analytics
    OFF-MARKET
    Commercial land

    9524 Preston Hl Rd, Camden, NY 13316-4210

    5.72 ac lot
    Individually Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US63-4711157
    Property summary
    AI-generated overview

    This exceptional 6.4-acre parcel in Camden, New York, presents a rare investment opportunity for developers and investors. Located at 9524 Preston Hill Rd, Oneida County, NY 13316 (43.324609, -75.749791), this property boasts pre-approved plans for a 37-unit, two-story apartment complex. All necessary approvals from the Village have been completed, significantly streamlining the development process. The existing plans are ready for finalization and permit acquisition, allowing for immediate commencement of construction. This prime location offers a tranquil setting while providing convenient access to major markets, including Rome, Syracuse, and Utica, all within reasonable commuting distance. The property is zoned for commercial and industrial use, offering flexibility in development options. The asking price is $550,000. Market-rate or HUD-financed projects are feasible, presenting diverse development pathways. This is a turnkey opportunity to capitalize on the strong demand for housing in the area. Don't miss this chance to acquire a fully approved development site and begin building immediately.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 5.72 ac (249,163 SF)
    Zoning code 01 - NOT ZONED
    APN 303089 147.000-1-8.6
    UPID US63-4711157
    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
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jared A Gilsenan · 6 yrs held
    Jared A Gilsenan
    since 2019
    2 recorded transactions
    2019
    $40,000
    2004
    $1,677
    Zoning & alternative use
    01 - NOT ZONED · Camden, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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