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    237 Ny-31 Macedon, NY 14502

    Sponsored
    For Sale
    $620,000

    4-Acre Mixed-Use Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4-acre commercial and industrial land parcel presents a remarkable investment opportunity in Macedon, New York. Located on Macedon Parkway at Route 31, this strategically positioned property boasts high visibility and accessibility, with convenient access from Lowe's east side entrance. The site benefits from significant daily traffic volume, with over 17,643 vehicles traversing Route 31 daily. Zoned for General Commercial use, the property allows for a diverse range of development options, including retail, hotel, self-storage, and mixed-use residential projects. Utilities are readily available on-site, and prominent pylon signage opportunities exist along Route 31, maximizing marketing potential. The thriving community and robust trade area further enhance the property's appeal. Nearby established businesses include Walmart, Lowe's, Caliber Collision, GO Car Wash, Microtel by Wyndham, KFC, Taco Bell, and new multi-family residential developments, creating a strong foundation for future growth and success. The asking price for this prime development site is $620,000. This is a rare chance to acquire a well-located, versatile property in a rapidly growing market.

    Property Features for 237 Ny-31

    General Information

    Property type
    Land
    Lot Size
    174,240 SF

    HighLights

    • 4‑acre commercial/industrial land parcel in Macedon, NY.
    • High‑visibility location on Route 31 (Macedon Parkway), near Lowe's.
    • High daily traffic count (17,643+ vehicles).
    • General Commercial zoning allows for diverse development (retail, hotel, self‑storage, mixed‑use).
    • On‑site utilities and prominent pylon signage opportunities.
    • $620,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Macedon
    County
    Wayne
    State
    New York
    Longitude
    -77.36658503045
    Latitude
    43.065649010873

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    FAQs

    What type of property is this?
    Land - 4-Acre Mixed-Use Development Site
    Where is this land located?
    The property is located at 237 Ny-31 Macedon, NY.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: 4-acre commercial/industrial land parcel in Macedon, NY.; High-visibility location on Route 31 (Macedon Parkway), near Lowe's.; High daily traffic count (17,643+ vehicles).
    Request Owner's contact information
    237 Ny-31 Macedon, NY 14502
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    Macedon, NY 14502
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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
    237 Ny-31 Macedon, NY 14502
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