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    1 Corfu Plz Corfu, NY 14036

    Sponsored
    For Sale
    $600,000

    Grocery Store Plaza - High Growth Potential

    Property size:
    21,375 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This distressed, vacant, 21,000 sq ft grocery store plaza in Corfu, NY, presents a significant redevelopment opportunity. Located on a 4-acre lot (174,240 sq ft) at 1 Corfu Plaza, 14036, this single-story, 1970-built Class C property offers substantial upside potential. Currently vacant, the property features three units and is zoned for both commercial and retail use, allowing for diverse redevelopment options, including multi-use complexes, specialty stores, or community centers. The asking price is $600,000 ($28.07/sq ft). The property's prominent location ensures high visibility and traffic flow, benefiting from the area's rapid residential and commercial growth. This presents an ideal investment for developers seeking to revitalize a community-focused retail space or for a company needing primary or ancillary packaging and distribution space. The property's distressed condition necessitates renovation, offering a blank canvas for creative redevelopment. Serious inquiries are invited, and creative financing options will be considered for qualified buyers. APN: 184201-004-000-0001-011-001-1.

    Property Features for 1 Corfu Plz

    General Information

    Property type
    Individual retail properties
    Square Feet
    21,375 SF
    Class
    C

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • $600,000 asking price for a vacant, 21,000 square foot grocery store in a distressed condition.
    • Located at 1 Corfu Plaza, Corfu, NY 14036, on a 4‑acre lot (174,240 sq ft).
    • Class C retail property built in 1970, with three units and significant redevelopment potential.
    • Offers high growth potential due to surrounding area's rapid development and flexible zoning for various uses.
    • Ideal for value‑add investors or developers seeking a revitalization project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Corfu Grange Fraternal Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Pharmacy Hotel & Motel Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Corfu
    County
    Genesee
    State
    New York
    Longitude
    -78.4049264
    Latitude
    42.9609528

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    FAQs

    What type of property is this?
    Individual retail property - Grocery Store Plaza - High Growth Potential
    Where is this individual retail property located?
    The property is located at 1 Corfu Plz Corfu, NY.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: $600,000 asking price for a vacant, 21,000 square foot grocery store in a distressed condition.; Located at 1 Corfu Plaza, Corfu, NY 14036, on a 4-acre lot (174,240 sq ft).; Class C retail property built in 1970, with three units and significant redevelopment potential.
    Request Owner's contact information
    1 Corfu Plz Corfu, NY 14036
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    Corfu, NY 14036
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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
    1 Corfu Plz Corfu, NY 14036
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