Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
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
Property description
Physical attributes from public recordsZoning & alternative use
RA-2 · Penfield, NYRural 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…
Zoning
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Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RA-2 in Penfield, NY.
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