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2567 US Route 20 - Vacant Land 2.84 Acres of Commercial Land Offered at $994,490 CAD in Cazenovia, NY 13035
Investment Highlights
- Planning Board Approval In Hand
- Direct Route 20 Frontage with DOT-Coordinated Access
- A Regulatory Environment Built for this Use
- Established Village Street Access
Executive Summary
Property Facts
| Price | $994,490 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.41 AC |
| Property Type | Land | ||
| Zoning | T-Cazenovi | ||
| Price | $994,490 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.41 AC |
| Zoning | T-Cazenovi |
1 Lot Available
Lot 5
| Price | $994,490 CAD | Lot Size | 2.84 AC |
| Price Per AC | $350,172.52 CAD |
| Price | $994,490 CAD |
| Price Per AC | $350,172.52 CAD |
| Lot Size | 2.84 AC |
Surmount is pleased to present the exclusive listing of Lot 5, a 1.41-acre raw land parcel situated along US Route 20 in the Village of Cazenovia, Madison County, New York, offered For Sale at $700,000 or For Lease.
Description
Permitted Use Range — Residential, Commercial, and Light Industrial The VES zoning framework accommodates a broader range of uses than a residential or mixed-use reading of this corridor might suggest. Straight single-use commercial development is fully permitted, and the zone allows uses up to light manufacturing — making Lot 5 viable for retail, office, service commercial, or light industrial programs independent of any residential component. Developers pursuing a purely commercial or industrial project will find the regulatory environment as welcoming as those planning mixed-use or residential programs. The same permitted use range applies to the adjacent Lot 3A parcel. Grant Incentives — ESD and DRI Funding Available Lot 5 is positioned to benefit from two significant public grant programs that can materially reduce project cost for a qualified developer moving in 2025. An Empire State Development (ESD) grant of approximately $400,000 is available for non-residential projects brought to the planning process this year, providing direct capital to offset predevelopment or construction costs for commercial or light industrial uses. Additionally, the Village of Cazenovia has access to Downtown Revitalization Initiative (DRI) grant funds — a competitive state program that rewards shovel-ready projects within designated corridors. Developers who act with urgency have the opportunity to capture a meaningful share of this DRI allocation. Both programs represent a time-sensitive advantage that diminishes as the calendar advances. Adjacent to Lot 3A - Assemblage Potential Lot 5 sits directly adjacent to Lot 3A (18.52 acres, also available through Surmount), providing a prospective buyer the opportunity to control complementary Route 20 frontage or a developer pursuing the larger site the ability to secure the gateway parcel independently. The two sites together represent a rare assemblage opportunity along this corridor.
Property Taxes
| Parcel Number | 252289-095-003-0002-033-000-0000 | Improvements Assessment | $348,201 CAD |
| Land Assessment | $78,168 CAD | Total Assessment | $426,369 CAD |
Property Taxes
Presented by
2567 US Route 20 - Vacant Land
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