1 Corfu PlzCorfu, NY 14036

For Sale
$600,000

Grocery Store Plaza - High Growth Potential

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

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 Details for 1 Corfu Plz

Property type
Other retail properties, Individual retail properties
Square Feet
21,375 SF
Class
C
Year Built
1970
Buildings
1
Stories
1
Units
3

Location Insight

City
Corfu
County
Genesee
State
New York
Latitude
42.9609528
Longitude
-78.4049264
1 Corfu Plz, Corfu, New York
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1 Corfu Plz
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