Property profile

1982-1984 Ny-32 Modena, NY 12548

OFF-MARKET
Retail properties & Spaces
1,636 SF 1.5 ac lot Built 1957
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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

Location

1982-1984 Ny-32 Modena, NY 12548
Modena 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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