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    1423 Empire Blvd Panorama, NY 14609

    For Sale
    $499,900

    10 Acres, Mixed-Use Potential, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 9.94-acre parcel presents a unique opportunity for developers seeking a prime location in the thriving Town of Penfield, New York. Situated on Empire Boulevard, this land boasts high visibility and convenient access to major thoroughfares, including the Empire Boulevard/Bay Road commercial area (one mile north) and the I-590 on/off ramps (1.5 miles north). The property's strategic location across from the Waters Edge apartment development and Southpoint Marina ensures high traffic and strong potential for residential and commercial development. The site is zoned for moderate-density residential development, along with select commercial, recreational, and open space uses, as designated within the LaSalle's Landing District (LLD). This zoning allows for a diverse range of development options, complementing the area's unique aesthetic and environmental qualities. The property's address is 1423 Empire Blvd, Webster, NY 14609. Annual property taxes are $6,491.91, comprising $4,036.25 in school taxes and $2,455.66 in town/county taxes. Nearby established businesses include Bar Bill East and K2 Brewing, further highlighting the area's commercial vibrancy. This is an exceptional opportunity to capitalize on a highly desirable location with significant development potential.

    Property Features for 1423 Empire Blvd

    General Information

    Property type
    Land
    Lot Size
    432,986 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Panorama
    County
    Monroe
    State
    New York
    Longitude
    -77.5127398
    Latitude
    43.1741459

    Nearby Comparable

    • $649,900
      4,564 SF

      Webster Empire Blvd Redevelopment

      2.9-Acre Prime Webster Property, High Traffic
      1506 Empire Blvd, Webster, NY 14580
      View Details
    • $325,000

      Commercial Land for Sale

      Commercial land available for sale.
      1513 Empire Blvd, Webster, NY 14580
      View Details
    • Contact for pricing
      2 SF

      Irondequoit Bay Development Opportunity

      2.1 acres of land zoned for multiple uses.
      1200 Empire Blvd, Rochester, NY 14609
      View Details
    • $499,000
      Pending

      Empire Boulevard Retail/Office Building

      Stand-alone building with retail, office space, and ample parking.
      1673 Empire Blvd, Webster, NY 14580
      View Details
    • $1,750,000

      Land For Sale

      Land available for purchase.
      70 Avalon Trl, Webster, NY 14580
      View Details

    FAQs

    What type of property is this?
    Land - 10 Acres, Mixed-Use Potential, High Visibility
    Where is this land located?
    The property is located at 1423 Empire Blvd Panorama, NY.
    What is the asking price?
    The asking price for this property is $499,900.
    Request Owner's contact information
    1423 Empire Blvd Panorama, NY 14609
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    Panorama, NY 14609
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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
    1423 Empire Blvd Panorama, NY 14609
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