Property summary
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
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C · Auburn, NYC 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C in Auburn, NY.
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