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    1220 Commercial Dr Farmington, NY 14425

    Sponsored
    For Sale
    $85,000

    Prime Retail Lot: Build-to-Suit Opportunity

    Property size:
    5,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional opportunity to own or lease a prime retail lot in Farmington, NY. This 5,500 square foot parcel, located at 1220 Commercial Drive, is ideally situated in the heart of Farmington's commercial district, boasting high visibility and convenient access. Neighboring businesses include CVS, Comfort Inn, and various restaurants and retail establishments, ensuring high foot traffic and strong brand synergy. The property is conveniently located within walking distance of new residential developments and existing homes, providing a robust customer base. Furthermore, its proximity to NYS Thruway exit 44 (within two miles) offers easy access for customers and employees. This lot is approved for up to 5,500 square feet of development and offers a build-to-suit option, allowing for customized construction to meet specific tenant needs. A flexible lease structure can be negotiated to accommodate various business models. Alternatively, the lot is available for purchase at $100,000. This presents a unique chance to establish a thriving business in a vibrant and growing community. The property is identified as Lot B.

    Property Features for 1220 Commercial Dr

    General Information

    Property type
    Land
    Square Feet
    5,500 SF

    HighLights

    • Prime Farmington commercial district location.
    • Strong co‑tenancy with CVS, Comfort Inn, and other restaurants and retailers.
    • Excellent pedestrian access to new residential development and existing homes.
    • Conveniently located within two miles of NYS Thruway Exit 44.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Ontario
    State
    New York
    Longitude
    -77.3522165
    Latitude
    42.9758476

    Nearby Comparable

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      Farmington Commercial Land - $175K

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    • $300,000

      Farmington NY Commercial Land Plot

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      Commercial Lot on Commercial Drive

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      1235 Commercial Dr, Farmington, NY 14425
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    • $85,000

      Commercial Lot in Farmington District

      Subdivided lot suitable for restaurant, office, or service business.
      1220 Commercial Dr, Farmington, NY 14425
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    • $300,000

      Commercial Lot on Route 96

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    • $2,200,000

      Prime Land on State Route

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      Hathaway Drive Commercial Land

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      Commercial Lot on Route 332

      Commercial lot suitable for office, medical, retail, or service uses.
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    Nearby Similar for Sale

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    • $500,000
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    FAQs

    What type of property is this?
    Land - Prime Retail Lot: Build-to-Suit Opportunity
    Where is this land located?
    The property is located at 1220 Commercial Dr Farmington, NY.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: Prime Farmington commercial district location.; Strong co-tenancy with CVS, Comfort Inn, and other restaurants and retailers.; Excellent pedestrian access to new residential development and existing homes.
    Request Owner's contact information
    1220 Commercial Dr Farmington, NY 14425
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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
    1220 Commercial Dr Farmington, NY 14425
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