Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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