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    358 Genesee St Auburn, NY 13021

    Sponsored
    For Sale
    $1,285,000

    51+ Acres, Prime Auburn Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 51.59-acre parcel presents a rare opportunity for residential development in Auburn, New York. Located at 358 Genesee St and Bluefield Rd, this expansive site is the last large parcel available for residential development on the west side of town. The property boasts Industrial/Residential zoning, allowing for a variety of development options. All essential utilities—water, sewer, gas, and electricity—are readily available, streamlining the development process. The site's strategic location offers high visibility and accessibility, with proximity to major routes and retail areas. Auburn's attractive demographics, featuring average household incomes ranging from $62,915 to $84,637, make this an ideal location for mid-to-upper-tier residential projects. This combined acreage, encompassing both 356 Genesee St and Bluefield Rd, presents multiple development opportunities in a thriving community. The asking price for this significant land holding is $1,285,000. This is a truly unique chance to capitalize on a prime location and contribute to Auburn's continued growth. The property is situated in Cayuga County, NY, zip code 13021.

    Property Features for 358 Genesee St

    General Information

    Property type
    Land
    Lot Size
    60,984 SF

    HighLights

    • 51.59‑acre development site in Auburn, NY, at 358 Genesee St & Bluefield Rd.
    • Industrial/Residential zoning allows for diverse development options.
    • All utilities (water, sewer, gas, electric) readily available.
    • High visibility and accessibility, near major routes and retail.
    • $1,285,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auburn Parks Maintenance City Government Office Department of Public Works Paving Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Cayuga
    State
    New York
    Longitude
    -76.59412983439
    Latitude
    42.916384157948

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    FAQs

    What type of property is this?
    Land - 51+ Acres, Prime Auburn Location
    Where is this land located?
    The property is located at 358 Genesee St Auburn, NY.
    What is the asking price?
    The asking price for this property is $1,285,000.
    What are key features of this property?
    This property features: 51.59-acre development site in Auburn, NY, at 358 Genesee St & Bluefield Rd.; Industrial/Residential zoning allows for diverse development options.; All utilities (water, sewer, gas, electric) readily available.
    Request Owner's contact information
    358 Genesee St Auburn, NY 13021
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    Auburn, NY 13021
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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
    358 Genesee St Auburn, NY 13021
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