9524 Preston Hl Rd, Camden, NY 13316-4210
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
01 - NOT ZONED · Camden, NYCamden. Always verify with local authorities before improvements.
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.