Rome, Oneida County, NY Commercial Property for auction Property ID: 417969278 for Sale
Turin Road presents an ideal development site in the heart of Upstate New York. The land, ringing in at an impressive 159 acres, is ideally situated along one of the area's major connectors. The site is fully approved for residential development. Depending on the new owners vision, the land can be transformed into multi-family or single-familydevelopments. Several development incentives are available to qualified developers through various public and private initiatives. Rome is a primed development location in Upstate New York with a large need for single-family track housing. Approximately 68 senior housing multi-family units are currently under construction, representing a 3.4% expansion of inventory. Rents in the region are also rising, with an increase of 3.5% since last year. In the past three years, rents have increased by a cumulative 11.7%. Additionally, Rome has several organizations dedicated to economic and business development. The development land sits off Turin Road and Lorena Road, with superb access to theNew York State Thruway and Interstate 90. Rome is in the geographical center of New York State at the foothills of the Adirondack Mountains. SUNY Polytechnic Institute is under twenty minutes from the site and commuters can get to Syracuse in under an hour. The city is an excellent area for development, with progressive schools, safe streets, a steady workforce, endless outdoor and recreation activities, and a robust arts scene. The quality of life in Rome is unmatched, with a decreased cost of living and low crime rates. Property tours are available by appointment only, please contact the listing broker to schedule.
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