1810 Fairport Nine Mile Point Rd Penfield, NY 14526
- Land
- 18.30 lot acres
Current Use by Public Records
- Land
Property Details for 1810 Fairport Nine Mile Point Rd
- Lot size
- 18.30 lot acres
- Property type
- Land
Description
This exceptional 18.3-acre parcel in Penfield, NY, presents a prime mixed-use development opportunity. Located at 1810 Fairport Nine Mile Point Rd, 14526, this property boasts a highly desirable Mixed Use zoning designation, allowing for a variety of development options including residential apartments, office space, and retail. The land offers frontage on Route 250 and Sweets Corner Road, with potential access to a nearby traffic signal. Its strategic location across from a YMCA with over 10,000 members and a nearly completed 184-unit apartment complex ensures high visibility and strong demographics. Further enhancing its appeal, a large market-rate apartment development is planned nearby, indicating a growing demand for housing and supporting businesses in the area. The current market analysis suggests a significant need for medical office and retail space in this corridor, making this property an attractive investment for developers seeking to capitalize on this underserved market. The seller is open to partnering or subdividing the parcel to accommodate various development strategies. This is a rare opportunity to acquire a substantial land holding in a thriving area with excellent access and high traffic counts. The asking price is $2,300,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Penfield
- County
- Monroe
- State
- New York
- Longitude
- -77.4325
- Latitude
- 43.1515
