232 Grant Ave, Auburn, NY 13021
This exceptional 0.6-acre commercial land parcel presents a unique investment opportunity in Auburn, New York. Strategically located on Grant Avenue, the property enjoys unparalleled visibility and accessibility, situated directly across from Auburn Plaza, a thriving retail center anchored by national brands such as Marshall's, AC Moore, Harbor Freight, Planet Fitness, Bed Bath & Beyond, and Five Below. The site's prime location benefits from its proximity to a multitude of other established retailers including Walmart, Lowe's, Staples, BJ's Wholesale Club, Tractor Supply, and Big Lots, ensuring consistent high traffic volume. A diverse range of quick-service restaurants and financial institutions are also located nearby, further enhancing the property's desirability. The level, grassy lot is ready for development, offering significant potential for a variety of commercial uses. Auburn's robust economy is supported by major employers such as Auburn Community Hospital, the Department of Corrections, and the Auburn City School District, providing a stable and growing consumer base. This exceptional location within the main commercial corridor of Auburn makes this property an ideal investment for developers seeking high-impact visibility and strong return potential. The property is easily accessible and offers excellent visibility to a large volume of daily traffic. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving retail environment.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.