2022 State Route 32, Modena, NY 12548
This exceptional 3.4-acre commercial land parcel presents a remarkable opportunity for investors and developers. Strategically located on State Route 32 in Modena, NY, this property boasts unparalleled visibility and accessibility due to its position near high-traffic businesses such as Stewart's, Dunkin' Donuts, Hannaford, and Dollar General. The site's prime location ensures significant exposure to a substantial daily traffic flow, making it ideal for a wide range of commercial ventures. The property includes two adjacent parcels, 101.1-2-16 and 17.1, totaling 3.4 acres. The zoning designation, BD-60/Light Business, allows for diverse commercial uses, providing flexibility for various development plans. While there are two existing structures on the property, they are currently in disrepair and may be considered for demolition or renovation depending on the chosen development. The property's frontage on State Route 32, coupled with its proximity to the intersection of State Routes 44/55, further enhances its strategic value and potential for attracting customers and clients. This is a rare opportunity to acquire a significant commercial land parcel in a thriving hamlet with excellent growth prospects. The asking price is $250,000.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.