Property profile

1345 Penfield Center Rd Penfield, NY 14526

FOR SALE
Investment properties
Property ID
US63-6053441
3,200 SF 12.88 ac lot Built 1960
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12.88-acre agricultural property in Penfield, NY, presents a unique investment opportunity. The site boasts a substantial 25,000 square foot greenhouse, including a dedicated 1-acre hydroponic greenhouse, perfectly suited for diverse agricultural operations. Complementing the greenhouse is 3,200 square feet of commercial space, featuring three walk-in coolers and adjacent living quarters, providing ample storage and potential for on-site management. The property benefits from a recently upgraded 400-amp electrical service, ensuring sufficient power for demanding agricultural operations. Thirty or more newly paved parking spaces accommodate staff and visitors. The property is zoned RA-2, permitting continued agricultural use, and enjoys a prime location in Penfield, offering easy access to major transportation routes and proximity to key markets. The previous use included outdoor hemp and general produce farming. This versatile property is ideal for established agricultural businesses seeking expansion or entrepreneurs looking to establish a thriving operation. The potential for diversification and exploration of niche markets is significant. While the current zoning allows for continued agricultural use, discussions regarding potential re-zoning are welcome. The asking price for this exceptional property is $825,000.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1960
Total area 3,200 SF
Lot 12.88 ac (561,053 SF)
Zoning code RA-2
APN 264200 110.03-1-7
UPID US63-6053441

Cap rate & NOI

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

Location

1345 Penfield Center Rd Penfield, NY 14526
Penfield metro Census 11505 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2020
Last sale
$300,000
4 recorded transactions
2020
$300,000
2015
$152,000
2011
Price N/A
2009
Price N/A

Zoning & alternative use

RA-2 · Penfield, NY
Zoning description

Rural Agricultural District RA-2. (2) Conservation Residential District CR-2. (3) Rural Residential District RR-1. (4) Residential District R-1-20. (5) Residential District R-1-15. (6) Residential District R-1-12. B. Pur…

General category AGRICULTURAL

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
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