Property profile

2022 State Route 32 Modena, NY 12548

OFF-MARKET
Commercial real estate
3.4 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Lot 3.4 ac (148,104 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2022 State Route 32 Modena, NY 12548
Modena metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2022 State Route 32?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message