145 Acres – I-81 Exit Ramp
Bankruptcy Sale
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Bidding Info
Property Location
220 US-11
Central Square, NY 13036
145 Acres – I-81 Exit Ramp
Details
United States Bankruptcy Court Northern District of New York
In Re: Central New York Raceway Park Inc., – Case No.: 23-30367 – Chapter 11
145 Acres – Located at I-81 Exit Ramp
Spectacular Frontage on I-81
Micron Technology Investing up to $100 Billion in Syracuse Suburb (4.25 Miles/15 Minutes to Subject Property)
Currently Accepting Offers
172 a/k/a 220 Route 11, Central Square, Oswego County, NY 13036
- 144.90 Acres
- Commercial/Public Utilities: Sewer, Electric, and Water
- Zoning Permits: Industrial & Retail Permitted
- 17.5 Miles to Syracuse University (22,700+/- Total Enrollment
- 15 Minutes to Syracuse Hancock International Airport
- 86 Miles to the Closest US – Canada Border Crossing
- Originally Envisioned/Entitled as a Motorsport Complex
- Micron Technology Investing up to $100 Billion in Syracuse Suburb (15 Minutes to Subject Property)
- Potential Empire State Development Program Incentives
- I-81 Est. Daily Traffic Count of 37,238 Per NYS Traffic Data Viewer
- Berm Complete along I-81
- Retention Ponds Installed
- Previously Approved for an Automotive Raceway
- $14,490,000 Appraised Value (September of 2023)
Additional Information:
- Property Class: 522 – Racetrack
- Site: COM 1
- Tax Map ID# 293.00-03-06
- Central Square School District
- Annual Real Estate Taxes: $70,899.63
Terms & Conditions of Sale: Sold free and clear of all monetary liens.
Buyer’s Premium: A six percent (6%) Buyer’s Premium will be added to the Successful Bidder’s high bid to determine the contract price to be paid by the Successful Bidder.
Documents
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Scott J. Bogucki, Esq., Attorney for the Chapter 11 Debtor
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105
This Property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the Property is made by the Trustee, Attorney for the Trustee, Auction Company or any of their Agents. The information contained herein was derived from sources deemed reliable, but is not guaranteed. Most of the information provided has been obtained from third party sources and has not been independently verified. It is the responsibility of the Buyer and/or Buyer’s Broker to determine the accuracy of all components of the sale and Property. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Property, including without limitation, environmental and physical condition of the Property. All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.
Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.