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Property profile & analytics
FOR SALE
Grocery and convenience stores

1 Corfu Plz Corfu, NY 14036

21,375 SF 4 ac lot Built 1970
Individually Owned 16-yr Hold Absentee Owner Free & Clear
Property ID
US63-3649935
1 Corfu Plz, Corfu, NY 14036 For Sale
$500,000 21,375 SF
1 Corfu Plz, Corfu, NY 14036
View Listing →
Property summary
AI-generated overview

This distressed, vacant, 21,000 sq ft grocery store plaza in Corfu, NY, presents a significant redevelopment opportunity. Located on a 4-acre lot (174,240 sq ft) at 1 Corfu Plaza, 14036, this single-story, 1970-built Class C property offers substantial upside potential. Currently vacant, the property features three units and is zoned for both commercial and retail use, allowing for diverse redevelopment options, including multi-use complexes, specialty stores, or community centers. The asking price is $600,000 ($28.07/sq ft). The property's prominent location ensures high visibility and traffic flow, benefiting from the area's rapid residential and commercial growth. This presents an ideal investment for developers seeking to revitalize a community-focused retail space or for a company needing primary or ancillary packaging and distribution space. The property's distressed condition necessitates renovation, offering a blank canvas for creative redevelopment. Serious inquiries are invited, and creative financing options will be considered for qualified buyers. APN: 184201-004-000-0001-011-001-1.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1970
Total area 21,375 SF
Lot 4 ac (174,240 SF)
APN 184201 4.-1-11.1/1
UPID US63-3649935
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
Current use
Occupant on record · Public records
  • Corfu Grange Volunteer Organization Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
$549k
Blend (final) Blend
$505k
Owner & transaction history
Rae Ju NA · 16 yrs held
Rae Ju NA
since 2010
1 recorded transaction
2010
$315,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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?”
More about this property
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