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    2839 Nichols St Spencerport, NY 14559

    Sponsored
    For Sale
    Contact for pricing

    33.8-acre commercial land, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 33.8-acre commercial land parcel, identified by APN 102.01-1-2.1, presents a remarkable investment opportunity in Spencerport, New York. Located at 2839 Nichols St, 14559, this property boasts significant frontage along Union Street (17,510 AADT) and Nichols Street (6,140 AADT), offering unparalleled visibility and accessibility. Its strategic position adjacent to the Spencerport Expressway (Route 531) Exit (30,734 AADT) ensures high traffic volume. Currently zoned GC, the site is being developed into a multi-building plaza and is anchored by a Walgreens at the intersection of South Union and Nichols Streets. Infrastructure improvements include a newly installed sanitary sewer system and DOT-approved plans for a traffic signal and dedicated turn lanes on South Union Street. The seller will consider built-to-suit options, ground leases, and the sale of individual parcels ranging from 1 to 18 acres. This property is ideal for a variety of commercial uses, including quick-service restaurants, car washes, retail establishments, and office spaces, catering to the growing Spencerport/Ogden community. The high visibility, convenient location, and planned infrastructure enhancements make this a truly exceptional opportunity. The property is offered for sale by owner, 2785 Group, LLC.

    Property Features for 2839 Nichols St

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • High‑visibility location with significant street frontage.
    • Excellent freeway access via adjacent expressway exit.
    • Planned traffic signal to improve ingress/egress.
    • Build‑to‑suit or ground lease options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spencerport
    County
    Monroe
    State
    New York
    Longitude
    -77.804319836866
    Latitude
    43.180067213848

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    FAQs

    What type of property is this?
    Land - 33.8-acre commercial land, prime location
    Where is this land located?
    The property is located at 2839 Nichols St Spencerport, NY.
    What are key features of this property?
    This property features: High-visibility location with significant street frontage.; Excellent freeway access via adjacent expressway exit.; Planned traffic signal to improve ingress/egress.
    Request Owner's contact information
    2839 Nichols St Spencerport, NY 14559
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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
    2839 Nichols St Spencerport, NY 14559
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