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    255 Grant Ave Auburn, NY 13021

    Sponsored
    For Sale
    $1,900,000

    Prime 1.72-acre development land, high traffic.

    Property size:
    11,328 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.72-acre commercial development site in Auburn, New York, presents a lucrative investment opportunity. Located at 255 Grant Avenue, this property boasts a prime location in the busiest retail corridor of Auburn, situated within the heart of the Finger Lakes Region. The site features 11,328 square feet and is zoned for highway commercial use, offering significant potential for various retail developments. The asking price is $1,900,000, translating to $167.73 per square foot. The property includes two existing buildings, each two stories high, currently under a ground lease. This high-traffic area sees 30,864 vehicles per day. The site's strategic location is further enhanced by its adjacency to Auburn Plaza, a thriving retail center anchored by established national brands such as Marshalls, Aldi, Planet Fitness, Harbor Freight, and Dollar Tree. This presents a unique chance to capitalize on the existing synergy and high consumer traffic within this established retail hub. The property's Net Lease structure offers potential for diverse income streams and development strategies. This is an unparalleled opportunity to acquire a premier development site in a dynamic and rapidly growing market.

    Property Features for 255 Grant Ave

    General Information

    Property type
    Retail properties
    Square Feet
    11,328 SF
    Lot Size
    74,923 SF

    Building Details

    Buildings
    2
    Stories
    2

    HighLights

    • High‑traffic retail location in Auburn's busiest corridor, within the Finger Lakes Region.
    • Excellent co‑tenancy with Marshalls, Aldi, Bed Bath & Beyond, and other national retailers at Auburn Plaza.
    • High visibility with 30,864 vehicles per day.
    • Highway Commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grant Motel Motel Scottish Inns & Suites ... Hotel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Cayuga
    State
    New York
    Longitude
    -76.5468117
    Latitude
    42.9515793

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    FAQs

    What type of property is this?
    Retail property - Prime 1.72-acre development land, high traffic.
    Where is this retail property located?
    The property is located at 255 Grant Ave Auburn, NY.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: High-traffic retail location in Auburn's busiest corridor, within the Finger Lakes Region.; Excellent co-tenancy with Marshalls, Aldi, Bed Bath & Beyond, and other national retailers at Auburn Plaza.; High visibility with 30,864 vehicles per day.
    Request Owner's contact information
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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
    255 Grant Ave Auburn, NY 13021
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