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    1531 Ny-332 Farmington, NY 14425

    Sponsored
    For Sale
    Contact for pricing

    5.86-acre commercial lot with existing building.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5.86-acre commercial property is strategically located on the highly trafficked State Route 332 in Farmington, New York. Boasting 600 feet of frontage, this prominent site enjoys impressive visibility and accessibility. The property includes a 2,500 square foot auto repair shop, currently leased on an annual basis. All utilities are readily available, including water, sewer, gas, and electric. The location offers convenient access to State Route 332 and the signalized County Road 41, placing it less than two miles from the New York State Thruway exit 44. This prime location benefits from its position on a major thoroughfare connecting Rochester and Canandaigua, experiencing an average daily traffic count of 25,076 vehicles (per 2019 NYS DOT data). This presents a unique opportunity for investors seeking a high-traffic commercial location with an existing income-generating asset. The property's size and location make it suitable for a variety of commercial uses. The asking price for this exceptional property is $1. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area.

    Property Features for 1531 Ny-332

    General Information

    Property type
    Land
    Lot Size
    255,262 SF

    HighLights

    • Highly visible 5.86‑acre site with 600 feet of frontage on State Route 332 in Farmington, NY.
    • High traffic count of 25,076 vehicles per day (2019 NYS DOT data).
    • Less than two miles from NYS Thruway Exit 44.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Ontario
    State
    New York
    Longitude
    -77.3430759
    Latitude
    42.9586439

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 5.86-acre commercial lot with existing building.
    Where is this land located?
    The property is located at 1531 Ny-332 Farmington, NY.
    What is the asking price?
    The asking price for this property is $1.00.
    What are key features of this property?
    This property features: Highly visible 5.86-acre site with 600 feet of frontage on State Route 332 in Farmington, NY.; High traffic count of 25,076 vehicles per day (2019 NYS DOT data).; Less than two miles from NYS Thruway Exit 44.
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    Farmington, NY 14425
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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
    1531 Ny-332 Farmington, NY 14425
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