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Large-Scale Industrial or Redevelopment 3 Properties Online Auction Sale New York Mills, NY
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Investment Highlights
- 17 Mill Place spans 2.9 acres with flexible zoning, supporting a wide range of industrial and commercial redevelopment plans.
- Existing heavy power, loading infrastructure, and full heating and sprinkler systems can reduce redevelopment costs and timelines.
- Minutes from Utica with access to I-90 and Routes 49 and 12, linking users to regional labor, suppliers, and customers.
- Large-scale, 141,400-SF industrial asset can be utilized for manufacturing, distribution, warehousing, contractor uses, or adaptive reuse.
- Excess land supports site improvements and multiple redevelopment strategies including M1 zoning & planned development to allow for multifamily
- Competitive industrial market reports 4.5% vacancy and 3.7% annual rent growth, supporting new development in the area.
Executive Summary
Positioned on 2.9 acres in New York Mills, 14, 17, and 23 Mill Place offers a rare opportunity to reposition a large-scale industrial asset for a wide range of commercial and industrial uses. Planned development zoning, substantial existing infrastructure, and excess land for site improvements create multiple redevelopment pathways, allowing investors and developers to tailor the property to evolving market demand.
The site's scale supports opportunities ranging from manufacturing and distribution to warehousing, contractor operations, and adaptive reuse concepts. Existing heavy power, loading capabilities, and a fully heated and sprinklered building can reduce upfront redevelopment costs while accelerating project timelines compared to a ground-up development.
Located just minutes from Utica and major transportation corridors including Interstate 90 and Highways 49 and 12, the property provides efficient access to regional labor pools, suppliers, and customers throughout Central New York. Its proximity to an established automotive industry corridor may also create synergies for industrial users seeking to operate within an existing business cluster.
The opportunity is reinforced by favorable market fundamentals, with the local industrial submarket reporting 4.5% vacancy and 3.7% rent growth over the past 12 months, supporting demand for well-located industrial space in the region.
The site's scale supports opportunities ranging from manufacturing and distribution to warehousing, contractor operations, and adaptive reuse concepts. Existing heavy power, loading capabilities, and a fully heated and sprinklered building can reduce upfront redevelopment costs while accelerating project timelines compared to a ground-up development.
Located just minutes from Utica and major transportation corridors including Interstate 90 and Highways 49 and 12, the property provides efficient access to regional labor pools, suppliers, and customers throughout Central New York. Its proximity to an established automotive industry corridor may also create synergies for industrial users seeking to operate within an existing business cluster.
The opportunity is reinforced by favorable market fundamentals, with the local industrial submarket reporting 4.5% vacancy and 3.7% rent growth over the past 12 months, supporting demand for well-located industrial space in the region.
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- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Survey - 3 Parcels
Property Facts
| Sale Condition | Auction Sale | Number of Properties | 3 |
| Type of Ownership | Fee Simple | Total Building Size | 141,400 SF |
| Sale Type | Investment | Total Land Area | 5.70 AC |
| Status | Active |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Total Building Size | 141,400 SF |
| Total Land Area | 5.70 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
|
2.9 Acres Planned Development Zoning
17 Mill Pl, New York Mills, NY 13417 |
Industrial | 141,400 SF | 1880 |
| 14 Mill Pl, New York Mills, NY 13417 | Land | 123,710 SF | - |
| 23 Mill Pl, New York Mills, NY 13417 | Land | 2,613 SF | - |
Sale Advisor
Sale Advisor
Patricia Virkler, President/Broker Owner
Our guiding principles for over 36 plus years , have provided and continue to provide high quality service to our clients. We treat each client as an individual, focusing on their specific needs and unique circumstances. We strive to safeguard our clients' trust in our company and the services we provide. We are a full service commercial brokerage firm with office New Hartfiord, New York. We specialize in the sale, leasing of retail shopping centers, office buildings, industrial warehouses, and multi-family properties throughout upstate, including triple net leases, ground up development and structured small group acquisition partnerships. Our diverse clientele include local, regional and national companies, as well as, individual commercial real estate investors and developers. Above all, we deliver results to our esteemed clients who expect superior service from their commercial real estate brokerage firm.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Kevin Loudy
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Auctioneer License:
Ten-X, Inc. Vibhav Kapila RE Brkr 10991231490
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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