Mixed-Use Development
7185 W Main Road Leroy, NY 14482
For Sale
$499,900
Pending
COMMERCIAL - Le Roy, NY
Property Size2,028 SF
Lot Size16.10 Acres
Days on Market481
Property Features for 7185 W Main Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CON
Parking
6
Standard status
Pending
APN
183689-024-000-0001-026-000
Size
2,028 SF
Lot size
16.10 Acres
Taxes and HOA fees
Tax Annual Amount
7365
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Building materials
Frame
Roof type
Metal, Asphalt
Listing Agency:
RE/MAX Realty Group
(585) 248-0250
Listed By:
Deborah S. Campanella · License #30CA1055473
(585) 746-1920
Added: Apr 5, 2025
Changed: Jul 28
Last Checked: Jul 29 at 4:06PM
MLS# R1597830
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is a two-parcel mixed-use development site currently containing a duplex with a garage apartment, providing three rental units. The listing notes tenant occupancy and requests that tenants not be disturbed.
The site is described as having significant frontage with two existing driveway cuts. The parcels include a 3.5-acre lot plus 12.6 acres adjacent to the property, identified as TAX ID 18360-002-000. Part of the parcel is situated within Village limits, and it is described as being at the point where the sewer line ends.
Zoning is listed as CON, and the property is described as commercial/light industrial/mixed use. The location is characterized in the remarks as being adjacent to Tops Plaza, next to a diner, close to Burger King, and across from Napa and Monroe Muffler.
The site is described as having significant frontage with two existing driveway cuts. The parcels include a 3.5-acre lot plus 12.6 acres adjacent to the property, identified as TAX ID 18360-002-000. Part of the parcel is situated within Village limits, and it is described as being at the point where the sewer line ends.
Zoning is listed as CON, and the property is described as commercial/light industrial/mixed use. The location is characterized in the remarks as being adjacent to Tops Plaza, next to a diner, close to Burger King, and across from Napa and Monroe Muffler.
Key Highlights
- Two‑parcel development opportunity with significant frontage and two driveway cuts
- Includes 3.5‑acre parcel plus 12.6 acres adjacent (TAX ID 18360‑002‑000)
- Current duplex with garage apartment provides 3 rental units (tenant occupied; do not disturb tenants)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.0k | $13.80 |
| − Vacancy | −$1.4k | −$0.68 |
| EGI | $26.6k | $13.12 |
| − OpEx | −$8.0k | −$3.94 |
| NOI | $18.6k | $9.18 |
2,028 SF · lease $13.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$266.0K
$232.8K – $310.4K
NOI $18,623 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$232.0K
$203.0K – $270.7K
NOI $16,242 @ 7.0% cap · market cap 3.25%
Theoretical Best
Warehouse
$1.88M
$1.65M – $2.20M
NOI $131,767 @ 7.0% cap · market cap 26.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Two-parcel site with two driveway cuts and an income-producing duplex plus garage apartment.
Where is this triplex located?
The property is located at 7185 W Main Road Leroy, NY.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑parcel development opportunity with significant frontage and two driveway cuts; Includes 3.5‑acre parcel plus 12.6 acres adjacent (TAX ID 18360‑002‑000); Current duplex with garage apartment provides 3 rental units (tenant occupied; do not disturb tenants)
