Land for Sale - 8894 Caughdenoy Road, Clay, NY 13041 - 1.25 acres

An ideal site near the proposed Micron development

8894 Caughdenoy Road, Clay, NY | Lat/Lng:  43.2010, -76.1672

$695,000
1.25 ac.
05/23/2023
ACTIVE
Main Listing ImageMain Listing Image

Description

Strategic investment opportunity in the direct path of progress! If you have been searching for the perfect location to capitalize on the massive economic transformation surrounding the Micron site, this property is an absolute must-see. Ideally situated to provide quick and effortless access to the proposed development, this site represents a "right place, right time" acquisition for forward-thinking investors, developers, or business owners looking to secure a foothold in the region’s most active growth corridor. The property is currently zoned I-1 (Industrial), which opens up a vast array of high-value possibilities for the site’s future. Whether your vision includes light industrial facilities, specialized storage, logistics, or a corporate annex to support the massive influx of business to the area, the I-1 zoning provides a solid and flexible foundation for significant redevelopment. For the savvy investor, this property offers a rare "best of both worlds" scenario: the ability to collect immediate rental income while you finalize development plans, navigate the approval process, or simply hold the asset as a strategic long-term investment in a rapidly appreciating market. Currently situated on the land is a well-maintained, nearly 1,400-square-foot home featuring three bedrooms and one bathroom. This residential structure is far more than just a house; it is a powerful cash-flow tool that provides immediate utility. With an estimated monthly rental value of approximately $2,000, the property can generate steady passive income to offset carrying costs while the surrounding area continues to develop. This unique dual-use potential is why the property is also conveniently cross-listed under the residential category (MLS# S1472105). Access and visibility are key components of any industrial or commercial site, and this property delivers with over 400 feet of deeded road frontage. This extensive frontage ensures excellent site visibility and provides the necessary room for professional ingress and egress. Don't miss the chance to secure a strategic piece of real estate in one of the most high-demand development zones in the country. Whether you are re-purposing, renting, or holding for the future, this site is a cornerstone opportunity for any serious real estate portfolio.

Details

CountyOnondaga
Zipcode13041
Property Type OneResidential Property
Property Type TwoUndeveloped Land
BrokerageCanaan Realty
Brokerage Linkhttps://canaanrealtyny.com
Apn048.-01-06.0
Land Listing Agent Photo
Allen Olmsted
Canaan Realty
(888) 457-6261
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