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    Ny-31 Albion, NY 14411

    Sponsored
    For Sale
    $200,000

    Residential lot, ideal for development. Access to two roads.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 17.31-acre residential lot presents a unique opportunity for developers seeking to address the current housing shortage in the Rochester MSA. Located in Albion, New York, in Orleans County, this property boasts convenient access to both NY-31 and Allen Road, providing excellent accessibility and visibility. The land is primarily wooded, offering a tranquil setting for a new housing development. Existing infrastructure includes readily available electrical power and public water. While sewer is not currently available, the substantial lot size and strategic location make this a highly attractive investment for those seeking to build a new residential community. The property is zoned for residential use (per the provided subtype). The asking price for this expansive parcel is $200,000. The property's address is NY-31, Albion, NY 14411. Its precise coordinates are latitude 43.2409139 and longitude -78.199062. This is a prime opportunity to capitalize on the growing demand for housing in the region.

    Property Features for 0 Ny-31

    General Information

    Property type
    Land
    Lot Size
    754,024 SF

    HighLights

    • Wooded lot.
    • Dual street access.
    • Electricity available.
    • Public water available.
    • No sewer connection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albion
    County
    Orleans
    State
    New York
    Longitude
    -78.199062
    Latitude
    43.2409139

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    FAQs

    What type of property is this?
    Land - Residential lot, ideal for development. Access to two roads.
    Where is this land located?
    The property is located at Ny-31 Albion, NY.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Wooded lot.; Dual street access.; Electricity available.
    Request Owner's contact information
    Ny-31 Albion, NY 14411
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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
    Ny-31 Albion, NY 14411
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