5472 Miller RdBrewerton, NY 13029

Property Details for 5472 Miller Rd

Year built

1958

Lot size

4.88 AC

Property size (Sq ft)

3,218 SF

Property type

Showrooms

APN

312289 109.-01-01.1

APU

31228910901011

Description

This exceptional 4.88-acre commercial development site in Brewerton, NY, presents a compelling investment opportunity. Located at 5472 Miller Rd, the property boasts an impressive 8,417 square feet of existing building space, currently generating income from two separate structures. This provides immediate cash flow while development plans are formulated. The strategic location offers unparalleled access to major transportation arteries, including Routes 81 and 11, and enjoys close proximity to Micron, a significant employer in the region. This prime location is ideal for a diverse range of commercial ventures. Potential uses include, but are not limited to, apartment complexes, hotels, adult care facilities, daycare centers, or medical offices. The substantial lot size and existing infrastructure make this a rare find, offering both immediate return and significant long-term potential. The property's versatility and strategic location position it for substantial growth and profitability. Serious inquiries are encouraged to explore this exceptional development opportunity. The existing buildings provide a strong foundation for immediate income generation while planning for future development. This is a unique chance to acquire a high-yield property in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $763,890

  6.5%

  $705,129

  7%

  $654,763

• Comparable approach

  Method

  Valuation

  Relative Method

  $740,856

  Geo Method

  $1,059,569

• Alternative Use

  Use

  Valuation

  Residential

  $594,803

  Hospitality

  $544,836

  Educational

  $453,297

  Medical

  $468,887

  Retail

  $705,129

Location Insight

City

Brewerton

County

Onondaga

State

New York

Latitude

43.2288

Longitude

-76.1375

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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