145 Grant Ave Auburn, NY 13021
This exceptional commercial property, located at 145 Grant Avenue in Auburn, NY, presents a unique investment opportunity. Boasting just over one acre (1.06 acres to be exact) of land and 111 feet of frontage, this parcel enjoys a highly desirable location, situated a mere 82 feet from Auburn's busiest intersection. This ensures exceptional visibility and accessibility for any commercial venture. The property is zoned for commercial use, providing flexibility for a wide range of development plans. Currently priced below assessed value at $150,000, this represents a significant opportunity for savvy investors. The property is being sold "as-is" by the City of Auburn. It's important to note that the buyer will be responsible for securing an abstract, survey, and covering any associated transfer taxes and environmental inspections. The conveyance will be via a quitclaim deed. With its prime location, generous lot size, and attractive price point, this property is poised for immediate development and promises substantial return on investment. Don't miss this chance to acquire a piece of Auburn's thriving commercial landscape. The 8,091 square foot lot offers ample space for a variety of commercial uses.
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Fairbanks LLC Restaurant
HC Highway Commercial District. A. Purpose and intent. The purpose of the Highway Commercial District (HC) is to promote well-designed commercial development that is accessible and compatible with the district as a major vehicular corridor. B. Permitted uses. The following uses are permitted within the HC District: (1) Animal grooming. (2) Animal hospital. (…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HC · Auburn, NYHC Highway Commercial District. A. Purpose and intent. The purpose of the Highway Commercial District (HC) is to promote well-designed commercial development that is accessible and compatible with the district as a major vehicular corridor. B. Permitted uses. The following uses are permitted within the HC District: (1) Animal grooming. (2) Animal hospital. (3) Artist studio. (4) Bakery, retail. (5) Bar. (6) Brew pub. (7) Cannabis on-site consumption. (8) Cannabis retail dispensary. (9) Commercial kitchen. (10) Day-care center/day-care facility. (11) Day-care, family home. (12) Drive-through. (13) Dry-cleaning facility. (14) Dry-cleaning outlet. (15) Dwelling, multiple-family, three to four units. (16) Dwelling, multiple-family, five or more units. (17) Dwelling, townhouse. (18) Equipment sales, repair or rentals. (19) Farmers' market, temporary. (20) Flea market. (21) Funeral home. (22) Garden center. (23) Health club. (24) Healthcare facility, outpatient. (25) Home occupation. (26) Homeless shelter. (27) Hospitals. (28) Hotel/motel. (29) Laundry, self-serve. (30) Motor vehicle repair station. (31) Motor vehicle salesroom/rentals. (32) Motor vehicle service station. (33) Motor vehicle wash. (34) Movie theater. (35) Nightclub. (36) Pawn shop. (37) Place of worship. (38) Office. (39) Recreation, indoor commercial. (40) Recreation, outdoor commercial. (41) Residential care facility. (42) Restaurant. (43) Restaurant, quick service. (44) Retail, big box. (45) Retail, goods and services. (46) Self-service storage facility. (47) Taxi dispatch stand. C. Accessory uses. The following uses are permitted accessory uses within the HC District: (1) Drive-through. (2) Uses and structures accessory to a principal use as permitted and subject to the requirements of Article IV , § 305-25 , Accessory uses and structures. D. Special use permits. Certain uses require a special use permit from the Planning Board, subject to the requirements of Article VIII , § 305-104 , Special use permits. The following uses are allowed as special permit uses within the HC District: (1) Wireless telecommunications facility. E. Prohibited uses. Uses that are not expressly permitted in this section are prohibited. F.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
