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157 Oakdale Rd - Prime Apartment Development Opportunity 1.5 Acres of Commercial Land Offered at $1,036,875 CAD in Johnson City, NY 13790
INVESTMENT HIGHLIGHTS
- Prior High Use Approvals
- Prior Site Approvals Show Plausible Uses
- Good Location for High Density Use
- Economic Zone With Expansion Planned and Occurring
EXECUTIVE SUMMARY
1. Strategic Location: Located in a central neighborhood with proximity to shopping, dining, and employment centers.
2. Current Proposed Development Projects Will Increase Housing Demand. High Density Cluster Development Will Increase Occupancy and Revenue Generation.
3. With limited housing supply in the region, a development like this will help addresses an urgent market need.
4. A Strategically Crafted Plan Can Expect Strong Local and Agency Support For Investors.
Contact Broker for:
• Market Analysis: Demographics, rental trends, and growth opportunities.
• Financial Projections: Detailed income, expense, and ROI schedules.
• Development Strategy: Key phases of the project from acquisition to completion.
A High-Density Use Apartment Complex That Features Modern Amenities, Eco-Friendly Designs, and Community-Oriented Spaces, Creating a Desirable Living Environment Will Appeal to Both Home-Owners and Renters.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,036,875 CAD | Lot Size | 1.50 AC |
| Price Per AC | $692,681.57 CAD |
| Price | $1,036,875 CAD |
| Price Per AC | $692,681.57 CAD |
| Lot Size | 1.50 AC |
High Use Redevelopment Property Prior Approvals for Mixed Use Office, Residential and Commercial Site Highest and Best Use Could Yield a 30-40-50?? plus Unit High Density Multifamily in an Area Needing Both Affordable & Rental Housing
DESCRIPTION
The parcel is approximately 1.5 acres and is located in the Village of Johnson City, Broome County, New York. The property fronts on Oakdale Road and is located southeast of the intersection of Evert Street and Oakdale Road. The entire site had an approved plan to be developed with a new 44,136 sq. ft. 4-story mixed use building. That expired Site Plan might best be resubmitted for a high density, multifamily 1-2-3 bedroom mix of apartments and / or condos. Current high demand for residential units of every form. This property is well placed to meet some of that demand.
PROPERTY TAXES
| Parcel Number | 034603-143-037-0001-004-001-0000 | Improvements Assessment | $0 CAD |
| Land Assessment | $5,355 CAD | Total Assessment | $5,355 CAD |
PROPERTY TAXES
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157 Oakdale Rd - Prime Apartment Development Opportunity
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