Mixed-Use Property with
1742 Fairport Nine Mile Point Road, Penfield, NY 14526
For Sale
$475,000
Under Contract
CommercialSale, Penfield, NY
Property Size1,619 SF
Lot Size2.28 Acres
Price / SF$293.39
Days on Market61
Property Features for 1742 Fairport Nine Mile Point Road
General Information
Property type
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Zoning
Zoning description
Rooms
Parking
Parking features
Subdivision
Lot features
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
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Amenities
solar panels
Building Details
Year built
Floors in Building
Number of units
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Building materials
Roof type
Listing Agency:
Cornerstone Realty Associates
(315) 524-7320
Listed By:
Paula Priest · License #10301210525
(585) 370-1725
Added: Sep 10
Changed: Oct 24
Last Checked: Nov 9 at 10:06AM
MLS# R1713691
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.
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Investment Insights
Based on property information with market context.
This mixed-use property is currently arranged as a residence with an in-law apartment in the lower level. The 1,619-square-foot building includes a basement, central air, forced-air natural gas heat, solar heating, and carpeted areas. Recent improvements include an asphalt shingle roof, leaf-guard gutters, comfort windows, and solar panels on the south side.
The 2.28-acre parcel includes a rear workshop sized for 2+ cars, with a compressor, wood heat, water service, and 100 amp electrical service. An attached 2+ car garage has a 220 electric panel, while paved or surfaced parking supports on-site access. The property is served by a septic tank and was built in 1985. Specific permitted uses should be confirmed with the town.
The 2.28-acre parcel includes a rear workshop sized for 2+ cars, with a compressor, wood heat, water service, and 100 amp electrical service. An attached 2+ car garage has a 220 electric panel, while paved or surfaced parking supports on-site access. The property is served by a septic tank and was built in 1985. Specific permitted uses should be confirmed with the town.
Key Highlights
- 2.28‑acre parcel with 1,619 square feet of building area
- Lower‑level in‑law apartment within the residential configuration
- Rear workshop accommodates 2+ cars and includes compressor, wood heat, and water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,482
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,640
$309.6K
Cap Rate 7%
$221,171
$221.2K
Cap Rate 9%
$172,022
$172.0K
Market Conditions
NOI Build-Up for 1,619 SF
Gross rent
$29.1K $18.00/SF
− Vacancy
−$4.4K −$2.70/SF
EGI
$24.8K $15.30/SF
− OpEx
−$9.3K −$5.74/SF
NOI
$15.5K $9.56/SF
Area
Monroe County, NY
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,640
Cap Rate 7%
$221,171
Cap Rate 9%
$172,022
Alternative Uses
Best Use
Mixed Use
$221.2K
$193.5K – $258.0K
NOI $15,482 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$310.8K
$272.0K – $362.6K
NOI $21,756 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
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Business Placement
Demographics for 14526, NY
20,932
Population
8,231
Households
2.5
Avg Household Size
44
Median Age
62%
College-Educated
97%
High-School Grad
16.4 sq mi
ZIP Area
1,276
Density / Sq Mi
$110,566
Median Household Income
$62,334
Median Earnings
$1,168
Median Rent
$256,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Monroe County, NY
Properties on Market for Mixed-use properties in Monroe County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residentially configured property with an in-law apartment, accessory workshop, garages, and updated building systems.
Where is this mixed-use property located?
The property is located at 1742 Fairport Nine Mile Point Road Penfield, NY.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2.28‑acre parcel with 1,619 square feet of building area; Lower‑level in‑law apartment within the residential configuration; Rear workshop accommodates 2+ cars and includes compressor, wood heat, and water
