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    FOR SALE
    Investment properties

    1345 Penfield Center Rd, Penfield, NY 14526

    3,200 SF 12.88 ac lot Built 1960
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US63-6053441
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    P Farms LLC · 6 yrs held
    P Farms LLC
    since 2020
    Last sale
    $300,000
    4 recorded transactions
    2020
    $300,000
    2015
    $152,000
    2011
    2009
    Zoning & alternative use
    RA-2 · Penfield, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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