6800 Bay RdCicero, NY 13039

Property Details for 6800 Bay Rd

Year built

1975

Lot size

69.00 AC

Property size (Sq ft)

2,778 SF

Property type

Office properties

Property subtype

Office buildings

APN

312289 080.-02-35.0

APU

31228908002350

Description

This exceptional offering comprises four strategically located development parcels totaling 80 acres in Cicero, NY, near the burgeoning Micron development. The property boasts an impressive 3,484,800 square feet and includes a 2.1-acre marina with 120 slips (6723 & 6727 Lakeshore Rd), zoned General Commercial, offering 811 feet of lakefront road frontage. An 8.9-acre multi-residential parcel (6722 Lakeshore Rd) is ready for development, previously permitted for 72 condo units, with potential for significantly more, featuring 670 feet of Lakeshore Rd and 997 feet of South Bay Rd frontage. A substantial 69-acre mixed-use parcel (6800 South Bay Rd) offers a blend of Neighborhood Commercial and Agricultural zoning, including an existing office building and 2089 feet of South Bay Rd frontage. This unique assemblage is ideally situated near Oneida Lake, a prestigious country club, and Syracuse Hancock International Airport, providing excellent access and attracting significant interest. Zoning allows for at least 680 total units across the parcels, presenting a rare opportunity to create a thriving community or commercial hub in a rapidly growing area. This is a once-in-a-lifetime chance to capitalize on the region's economic expansion and create a landmark development.

• CAP approach

  CAP return

  Valuation

  6%

  $448,600

  6.5%

  $414,093

  7%

  $384,515

• Comparable approach

  Method

  Valuation

  Relative Method

  $253,793

  Geo Method

  $362,973

• Alternative Use

  Use

  Valuation

  Residential

  $513,475

  Hospitality

  $470,340

  Educational

  $391,318

  Medical

  $404,776

  Retail

  $608,716

Location Insight

City

Cicero

County

Onondaga

State

New York

Latitude

43.194

Longitude

-76.0567

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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