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    25 Seminary Ave Auburn, NY 13021

    Sponsored
    For Sale
    $36,000

    Prime Auburn location, mixed-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land opportunity presents a prime investment or redevelopment site in the heart of Auburn, New York. Located at 25 Seminary Ave, this 0.25 +/- acre parcel is to be subdivided from a larger 1.20-acre parcel and is offered at an attractive price of $36,000. Boasting a highly desirable location just off the Arterial Highway, the property benefits from excellent visibility and accessibility with frontage on Routes 5 & 20. The high traffic volume of 25,143 vehicles per day on Arterial Highway East ensures significant exposure for any future development. Zoned D-Downtown, this versatile property allows for multiple potential uses, catering to a range of commercial ventures. Its convenient location places it within walking distance of popular amenities such as Wegmans, The Inn at Finger Lakes, and a variety of local restaurants and businesses in Auburn's thriving downtown area. The anticipated occupancy date is November 13, 2024. This is an exceptional opportunity to acquire a strategically located parcel in a vibrant and growing community. The property is ideal for owner/users seeking a location with high visibility and pedestrian traffic.

    Property Features for 25 Seminary Ave

    General Information

    Property type
    Retail properties
    Lot Size
    10,890 SF

    HighLights

    • $36,000 asking price.
    • 0.25‑acre vacant lot, to be subdivided.
    • Prime Auburn location, Routes 5 & 20 frontage, near Arterial Highway.
    • High traffic counts: 25,143 vehicles per day on Arterial Highway East.
    • Downtown (D) zoning, allowing diverse uses.
    • Walkable to Wegmans, The Inn at Finger Lakes, restaurants, and downtown Auburn.
    Property Profile Location Intelligence

    Current Use by Public Records

    Local Union ICWU ... Charity

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Cayuga
    State
    New York
    Longitude
    -76.5642627
    Latitude
    42.9348694

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    FAQs

    What type of property is this?
    Retail property - Prime Auburn location, mixed-use potential.
    Where is this retail property located?
    The property is located at 25 Seminary Ave Auburn, NY.
    What is the asking price?
    The asking price for this property is $36,000.
    What are key features of this property?
    This property features: $36,000 asking price.; 0.25-acre vacant lot, to be subdivided.; Prime Auburn location, Routes 5 & 20 frontage, near Arterial Highway.
    Request Owner's contact information
    25 Seminary Ave Auburn, NY 13021
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    Auburn, NY 13021
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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
    25 Seminary Ave Auburn, NY 13021
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