9999 Main St, Clarence, NY 14031-2009
This exceptional 62-acre development site presents a unique investment opportunity in the heart of Crystal Lake, NY. Located at 9999 Main St, this fee-simple property boasts a highly desirable COMMR zoning classification, permitting a diverse range of uses including multi-family residential, retail, and industrial developments. The site's strategic location offers significant advantages, including Main Street frontage and direct access to the Chicago and Northwestern Rail Line. Existing infrastructure includes readily available sewer and water services, ensuring seamless development. The property's high visibility is further enhanced by daily traffic counts exceeding 17,200 vehicles. Its proximity to a Metra station provides convenient commuter access. The expansive lot size allows for flexibility in development plans, with the possibility of dividing the property to suit individual project needs. This prime location, coupled with its versatile zoning and excellent infrastructure, makes this a truly exceptional opportunity for significant returns. The asking price for this remarkable property is $10,000,000. The property is located in Mc Henry County, NY, with a zip code of 60014.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.