Building Details

Year Built 1970

Buildings 1

Stories 1

Units 3

Listing Agency: Keller Williams Realty WNY j***@gmail.com Show Phone

Listed By: Joshua James · License #NY 10301210944

Source: Crexi

Added: May 8, 2024 Changed: Aug 25 Last Checked: Aug 30 at 10:35PM

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Investment Insights

Based on property information with market context.

This property presents an opportunity to own a well-located grocery store plaza with significant upside potential. The property is presented for revitalization or change of use. The total lot spans over 4 acres and includes a 21,000 sq ft building footprint. The plaza requires renovation and updating. The area surrounding the plaza is undergoing rapid residential and commercial growth, promising increased foot traffic and consumer interest. Zoned for both commercial and retail use, the property offers a variety of redevelopment options such as multi-use complexes, specialty stores, or community centers. The property is ideal for investors with a vision for transformation or developers looking to inject new life into a community-focused retail space. It's also an excellent fit for a company seeking a primary or ancillary packaging and distribution space. The location is prominently located with high visibility and traffic flow, ensuring easy accessibility and customer convenience.

Key Highlights

• High visibility and traffic flow due to prominent location.
• Significant upside potential through revitalization or change of use.
• Rapid residential and commercial growth in the surrounding area.

Property Analytics

Property Profile

Current Use

Corfu Grange Volunteer Organization

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Pharmacy Garden Center Big Box & Wholesale Store Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

74

Businesses Nearby

10k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Crosby's Shops & Services

5,522 visits/mo 0.1 miles

Dollar General Shops & Services

4,771 visits/mo 0.5 miles

Demographics for 14036, NY

4,931

Population

2,521

Households

2

Avg Household Size

46

Median Age

19%

College-Educated

95%

High-School Grad

53.6 sq mi

ZIP Area

92

Density / Sq Mi

$91,806

Median Household Income

$46,506

Median Earnings

$923

Median Rent

$184,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• shop batavia — 28 Maple Ave, Corfu, NY 14036

Frequently Asked Questions

What type of property is this?

Shopping center - High-visibility plaza on 4 acres for revitalization or redevelopment.

Where is this shopping center located?

The property is located at 1 Corfu Plaza Corfu, NY.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: High visibility and traffic flow due to prominent location.; Significant upside potential through revitalization or change of use.; Rapid residential and commercial growth in the surrounding area.