Property profile

1842 Fairport Nine Mile Point Rd Penfield, NY 14526

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at 1842 Fairport Nine Mile Point Rd in Penfield, NY 14526, presents a unique investment opportunity. The property, situated in a mixed-use district, offers a lot size ranging from 0.5 to 1 acre. The existing house on the property can be relocated by the owner to another part of the lot, or it can be renovated for commercial use, allowing for flexibility in development plans. The zoning permits both retail and office uses, making it ideal for a variety of businesses. This location boasts strong traffic counts, further enhanced by planned development in the immediate corridor. The property's strategic position across from the YMCA contributes to its high visibility and accessibility. Favorable demographics in the area strongly support the success of retail and office ventures. This is a rare chance to acquire a prime commercial site in a thriving community with excellent potential for growth and return on investment. The property's location provides easy access to major roadways and amenities, making it an attractive option for businesses seeking a high-traffic, visible location.

Property profile

Verified
Property type Land

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
  • General Contractor Hardware & Home Improvement

Location

1842 Fairport Nine Mile Point Rd Penfield, NY 14526
Penfield metro
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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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