Technical
Financial
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Property profile

24 Main St Fairport, NY 14450

OFF-MARKET
Office Spaces
5,888 SF 0.35 ac lot Built 1900
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Property summary

AI-generated overview

This exceptional 5,888 square foot commercial property, situated at 24 N Main St in Fairport, NY's vibrant Canal District, presents a unique investment opportunity. Currently configured as a blend of retail, restaurant, and office spaces, this building offers significant versatility and potential for future development. The property boasts on-site parking and a connected lot, a significant advantage in this desirable location. A noteworthy feature is the inclusion of EV charging stations within the connected lot, catering to the growing demand for sustainable transportation options. Zoned for multi-use, the property allows for exploration of various commercial and even residential uses, subject to necessary approvals. While the tax records reflect the original 1900 building, the structure has been effectively rebuilt in 2022, resulting in a modern and updated space. The 0.35-acre lot provides ample space for current operations and potential expansion. Priced at $1,400,000, this property offers a compelling blend of established functionality and exciting future possibilities in a thriving Fairport neighborhood. The building's strategic location and modern amenities make it an attractive proposition for discerning investors and business owners seeking a prime commercial space with significant upside potential. The discrepancy between the stated square footage and tax records is due to the extensive renovations completed in 2022.

Property profile

Verified
Property type Office Spaces
Year built 1900
Total area 5,888 SF
Lot 0.35 ac (15,246 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cosmetic Store
  • Restaurant
  • Law Firm
  • Alternative Medicine Practice Spa & Massage Center

Location

24 Main St Fairport, NY 14450
Fairport metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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