Listing Agency: Leverage Properties LLC a***@leveragepropertiesllc.com Show Phone

Listed By: Anthony J. Cashette Show Phone

Source: Exprealty

Added: Jun 23, 2025 Changed: Aug 20 Last Checked: Aug 30 at 7:16PM

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Investment Insights

Based on property information with market context.

This 3,048 square foot building is situated on a 0.8-acre corner lot. Currently used as a medical office building, it presents an opportunity for continued use as an office building or redevelopment for retail purposes, such as a quick-service restaurant, shopping venue, bank, drug store, day care center, beauty school, or storefront. The property is zoned General Business, and ownership will provide Tenant Allowance depending on use and term. Located on the southwest corner of Savalla Blvd and Rt 332, the property benefits from high traffic counts of nearly 30,000 ADT, making it suitable for businesses seeking visibility. The property is located approximately 1 mile south from the corner of Rt 332 & Rt 96 and is directly in front of the new Hathaway Meadows apartment development.

Key Highlights

• Prime retail corner lot location directly in front of the new Hathaway Meadows apartment development.
• High traffic location with ADT counts of nearly 30,000.
• Zoned General Business allowing for a variety of retail and commercial uses (QSR, shopping, bank, etc.).

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Hair Salon Parking Lot & Garage Nail Salon Building Supply Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$1.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

150

Businesses Nearby

Explore this area Business Placement

Demographics for 14425, NY

13,068

Population

5,414

Households

2.4

Avg Household Size

37

Median Age

39%

College-Educated

96%

High-School Grad

19.6 sq mi

ZIP Area

667

Density / Sq Mi

$92,010

Median Household Income

$50,178

Median Earnings

$1,512

Median Rent

$222,500

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Prime retail location near new apartment development.

Where is this retail space located?

The property is located at 1520 State Route 332 Farmington, NY.

What is the lease rate?

The lease rate is $12 SF/Yr.

What are key features of this property?

This property features: Prime retail corner lot location directly in front of the new Hathaway Meadows apartment development.; High traffic location with ADT counts of nearly 30,000.; Zoned General Business allowing for a variety of retail and commercial uses (QSR, shopping, bank, etc.).