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    23 Pannell Cir Fairport, NY 14450

    Sponsored
    For Sale
    $599,900

    15 Acres, Route 31 Access, High Potential

    Property size:
    43,560 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 43,560 square foot commercial property, situated on a sprawling 15.82-acre lot in Fairport, New York, presents a unique investment opportunity. Conveniently located off Route 31, this expansive parcel enjoys excellent visibility and accessibility, offering easy commutes to nearby Victor and Macedon. Previously utilized as Lucas Greenhouses, the land is remarkably versatile and adaptable to a wide range of commercial, agricultural, or even residential developments. The existing infrastructure provides a solid foundation for future projects, minimizing initial development costs. The property's substantial size allows for significant expansion and customization, catering to ambitious projects requiring ample space. Its prime location within a thriving community ensures strong potential for return on investment. This blank canvas awaits your vision, offering the chance to create a thriving business or residential community in a highly desirable area. The property's zoning and permitted uses should be independently verified. Serious inquiries only. The asking price is $599,900.

    Property Features for 23 Pannell Cir

    General Information

    Property type
    Other commercial real estate
    Square Feet
    43,560 SF
    Lot Size
    689,119 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Lucas Greenhouses Greenhouse

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Department Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairport
    County
    Monroe
    State
    New York
    Longitude
    -77.37881
    Latitude
    43.06239

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    FAQs

    What type of property is this?
    Commercial real estate - 15 Acres, Route 31 Access, High Potential
    Where is this commercial real estate located?
    The property is located at 23 Pannell Cir Fairport, NY.
    What is the asking price?
    The asking price for this property is $599,900.
    (585) 398-7365
    Request Owner's contact information
    23 Pannell Cir Fairport, NY 14450
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    Fairport, NY 14450
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 Pannell Cir Fairport, NY 14450
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