9809 River RdMarcy, NY 13403

Property Details for 9809 River Rd

Year built

1940

Lot size

0.92 AC

Property type

Car washes

APN

304400 306.007-1-42.2

APU

3044003060071422

Description

This exceptional commercial property, located at 9809 River Road in Marcy, NY, presents a unique investment opportunity. The 2.68-acre lot features a well-maintained complex comprising three buildings and a storage shed, all exhibiting a consistent aesthetic. The property includes two tax parcels. The prominent feature is a car wash, constructed in 2005, occupying 0.91 acres of paved land. This car wash boasts two 1440 square foot manual wash bays, with potential for expansion, along with vacuum stations and trash receptacles. A substantial 1500 square foot office/apartment building (25' x 60'), complete with a garage, underwent renovations in 2018. Additionally, a 30' x 60' building, constructed in 2003, includes two car lifts and ample additional space. A 10' x 12' storage shed complements the complex. The car wash floor is concrete with radiant heat, preventing ice buildup. All buildings are attractively finished, both inside and out. The second parcel, encompassing 1.76 acres, extends behind the car wash approximately 500 feet, featuring a 60-foot right-of-way and 243 feet of road frontage on busy River Road. All parking and driveways are paved. The total building square footage is 4860 square feet. Detailed financial information is available upon execution of a non-disclosure agreement. This property is ideally suited for a 1031 exchange.

• CAP approach

  CAP return

  Valuation

  6%

  $14,634,219

  6.5%

  $13,508,510

  7%

  $12,543,616

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,283,917

  Geo Method

  $13,195,223

• Alternative Use

  Use

  Valuation

  Residential

  $11,394,934

  Hospitality

  $10,437,698

  Educational

  $8,684,042

  Medical

  $8,982,700

  Retail

  $13,508,510

Location Insight

City

Marcy

County

Oneida

State

New York

Latitude

43.1272

Longitude

-75.2385

CBSA code

46540

CBSA name

UTICA-ROME, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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