Property profile

1 Plz Dr Auburn, NY 13021

OFF-MARKET
Investment properties
Property ID
US63-1102548
6,000 SF 3.49 ac lot Built 2003
Entity Owned 1-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents a 4,000 square foot retail building situated on a one-acre lot at 1 Plaza Drive in Auburn, New York. Boasting a high-traffic location on Grant Avenue (NY Route 5), the property sees an estimated 17,000+ vehicles daily. Its prime retail corridor location places it in close proximity to established businesses such as BJ's Wholesale Club, Staples, Chipotle, and Napa Auto Parts, ensuring high visibility and foot traffic. The property is currently leased to Panera Bread, a nationally recognized and financially stable corporation with over 1900 locations nationwide. This corporate lease provides a strong, reliable income stream for investors seeking a secure, long-term investment. Panera Bread's established brand and proven business model, encompassing dine-in, drive-thru, and delivery services, contributes to its consistent success and makes this a low-risk, high-reward opportunity. The asking price for this exceptional property is $2,795,000. This presents a compelling investment opportunity in a thriving retail location with a highly reputable tenant. The property's strategic location and the strength of the tenant combine to offer significant potential for both short-term and long-term returns.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2003
Total area 6,000 SF
Lot 3.49 ac (152,024 SF)
Zoning code C
APN 055200 109.02-1-23.111
UPID US63-1102548

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

1 Plz Dr Auburn, NY 13021-8326
Auburn metro Census 40600 AUBURN, NY MICROPOLITAN STATISTICAL AREA
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

since 2025
Last sale
$3.6M
2 recorded transactions
2025
$3.6M
2023
Price N/A

Zoning & alternative use

C · Auburn, NY
Zoning description

C General Commercial District. A. Purpose and intent. The purpose of the General Commercial District (C) is to promote a variety of commercial uses and services which are well designed and contribute to the character and…

General category COMMERCIAL

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 1 Plz Dr?
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