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    1810 Fairport Nine Mile Point Rd Penfield, NY 14526

    Sponsored
    For Sale
    $2,300,000

    18.3 Acres, Prime Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 18.3-acre parcel in Penfield, NY, presents a prime mixed-use development opportunity. Located at 1810 Fairport Nine Mile Point Rd, 14526, this property boasts a highly desirable Mixed Use zoning designation, allowing for a variety of development options including residential apartments, office space, and retail. The land offers frontage on Route 250 and Sweets Corner Road, with potential access to a nearby traffic signal. Its strategic location across from a YMCA with over 10,000 members and a nearly completed 184-unit apartment complex ensures high visibility and strong demographics. Further enhancing its appeal, a large market-rate apartment development is planned nearby, indicating a growing demand for housing and supporting businesses in the area. The current market analysis suggests a significant need for medical office and retail space in this corridor, making this property an attractive investment for developers seeking to capitalize on this underserved market. The seller is open to partnering or subdividing the parcel to accommodate various development strategies. This is a rare opportunity to acquire a substantial land holding in a thriving area with excellent access and high traffic counts. The asking price is $2,300,000.

    Property Features for 1810 Fairport Nine Mile Point Rd

    General Information

    Property type
    Land
    Lot Size
    797,148 SF

    HighLights

    • $2,300,000 asking price for 18.3 acres of mixed‑use zoned land.
    • Excellent development opportunity; owner open to partnership or subdividing the parcel. High traffic counts and strong demographics.
    • Located across from a YMCA with over 10,000 members and a new 184‑unit apartment complex. Frontage on Route 250 and Sweets Corner Road.
    • High demand for medical office and retail space in the area; nearby large‑scale apartment development planned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Dental Office Gym & Fitness Kitchen & Bath Accounting Firm Bar & Pub Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Penfield
    County
    Monroe
    State
    New York
    Longitude
    -77.432525
    Latitude
    43.15146

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    FAQs

    What type of property is this?
    Land - 18.3 Acres, Prime Development Opportunity
    Where is this land located?
    The property is located at 1810 Fairport Nine Mile Point Rd Penfield, NY.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: $2,300,000 asking price for 18.3 acres of mixed-use zoned land.; Excellent development opportunity; owner open to partnership or subdividing the parcel. High traffic counts and strong demographics.; Located across from a YMCA with over 10,000 members and a new 184-unit apartment complex. Frontage on Route 250 and Sweets Corner Road.
    (585) 279-8200
    Request Owner's contact information
    1810 Fairport Nine Mile Point Rd Penfield, NY 14526
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    Penfield, NY 14526
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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
    1810 Fairport Nine Mile Point Rd Penfield, NY 14526
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