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    OFF-MARKET
    Commercial real estate

    1982 State Route 32, Modena, NY 12548

    1,636 SF 1.4 ac lot Built 1957
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, situated on a highly visible 1.4-acre lot at 1982 State Route 32 in Modena, NY, presents a remarkable investment opportunity. The 1,636 square foot building sits on 164 feet of road frontage along the busy Route 32, ensuring high visibility and accessibility. Currently configured as a three-bedroom, one-bathroom home, the property's BD40 zoning allows for a diverse range of commercial uses, including office space, retail, or residential rentals. The possibilities are vast, making this an ideal choice for entrepreneurs and investors seeking a versatile property in a prime location. The property features oil heating and offers significant potential for expansion or redevelopment. Its strategic location on a major thoroughfare guarantees substantial exposure to a large customer base. The ample lot size provides ample parking and potential for future development. Don't miss this chance to acquire a versatile commercial property with significant upside potential in a thriving area. The combination of high traffic location, flexible zoning, and substantial lot size makes this a truly unique opportunity.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1957
    Total area 1,636 SF
    Lot 1.4 ac (60,984 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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