9085 Old River RdMarcy, NY 13403

Property Details for 9085 Old River Rd

Year built

1997

Lot size

2.05 AC

Property size (Sq ft)

4,144 SF

Zone code

AG

Property type

Banks

APN

304400 277.000-1-50.4

APU

3044002770001504

Description

This exceptional freestanding commercial property, located at 9085 Old River Road in Marcy, New York, presents a unique investment opportunity. The 4,144 square foot building, zoned IS (Institutional), previously operated as a bank and offers versatile storefront and office space. The asking price is $359,000, translating to $86.63 per square foot. Situated on a generous 2.05-acre lot, the property boasts a convenient two-lane drive-thru, a highly desirable feature for various businesses. Its strategic location offers excellent visibility and accessibility, with close proximity to major commercial anchors such as the Walmart Distribution Center and Whitesboro High School, ensuring high traffic volume and potential customer base. The building's adaptable layout and ample space make it suitable for a range of commercial uses, providing significant potential for return on investment. The property's zoning designation, IS (Institutional), allows for a variety of uses, subject to local regulations. This presents a rare opportunity to acquire a well-located, versatile commercial property in a thriving area of Oneida County, New York. The property's size, features, and location combine to create a compelling investment prospect. Serious inquiries are encouraged. The zip code is 13403.

• CAP approach

  CAP return

  Valuation

  6%

  $1,513,268

  6.5%

  $1,396,862

  7%

  $1,297,087

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,373,638

  Geo Method

  $1,364,467

• Alternative Use

  Use

  Valuation

  Residential

  $1,178,306

  Hospitality

  $1,079,322

  Educational

  $897,983

  Medical

  $928,866

  Retail

  $1,396,862

Location Insight

City

Marcy

County

Oneida

State

New York

Latitude

43.158

Longitude

-75.3012

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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