1982-1984 Ny-32, Modena, NY 12548
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.