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    OFF-MARKET
    Retail properties & Spaces

    1982-1984 Ny-32, Modena, NY 12548

    1,636 SF 1.5 ac lot Built 1957
    Property ID
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 1982-1984 NY-32 in Modena, New York, presents a compelling investment opportunity. The 1,636 square foot building, constructed in 1957 and renovated in 1990, sits on a spacious 1.5-acre lot boasting 164 feet of road frontage along the high-traffic Route 32. Currently configured as a two-unit apartment building, the property is zoned BD40, offering considerable flexibility for a variety of uses. The asking price is $400,000, translating to $244.50 per square foot. The property's strategic location and versatile zoning make it ideal for residential rental income, office space, retail ventures, or a combination thereof. The single-story building provides easy access and management. This is a rare chance to acquire a well-situated property in a thriving area with significant potential for growth and return on investment. The property's history and current configuration provide a solid foundation for future development and adaptation to meet evolving market demands. The ample lot size offers additional development possibilities within the permitted zoning regulations. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1957
    Total area 1,636 SF
    Lot 1.5 ac (65,340 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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