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    2240 Penfield Rd Penfield, NY 14526

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    For Lease
    $6,658 /Mo

    1.62-acre lot for retail, office, mixed-use, or residential development.

    Lot size:
    1.62 Acres

    Property Features for 2240 Penfield Rd

    General Information

    Lot size
    1.62 Acres

    Source: EXP Commercial Agent Michael Conroy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Land Lease Opportunity

    Located at 2240 Penfield Rd., Penfield, NY 14526, this 1.62-acre property is available for land lease, development, or build-to-suit projects. The property is zoned as LB-Limited Business District and offers utilities on-site. It is ideally suited for retail, office, mixed-use, or residential development. The location is near the intersection of 441 and 250, placing it in the heart of Penfield's community. Situated within a densely populated residential area and close to shopping centers and other retailers, the property benefits from a steady flow of foot traffic. This location offers an attractive investment opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Penfield
    County
    Monroe
    State
    New York
    Longitude
    -77.4360235
    Latitude
    43.1313096

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    FAQs

    What type of property is this?
    Land - 1.62-acre lot for retail, office, mixed-use, or residential development.
    Where is this land located?
    The property is located at 2240 Penfield Rd Penfield, NY.
    What are key features of this property?
    This property features: - Prime location near the intersection of 441 and 250 in Penfield.; - Versatile property suitable for retail, office, mixed-use, or residential development.; - Located within a densely populated residential area.
    (585) 802-3327
    Request Owner's contact information
    2240 Penfield Rd Penfield, NY 14526
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    Penfield, NY 14526
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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
    2240 Penfield Rd Penfield, NY 14526
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