1345 Penfield Center Rd Penfield, NY 14526
- Investment properties
- 3,200 SF
- 12.88 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1345 Penfield Center Rd
- Year built
- 1960
- Lot size
- 12.88 lot acres
- Property size
- 3,200 SF
- Zone code
- RA-2
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 264200 110.03-1-7
- APU
- 2642001100317
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $355,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $415,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $355,000
- Retail
- $355,000
- Mixed-Use
- $330,000
- Hospitality
- $310,000
- Educational
- $290,000
- Residential Income
- $365,000
- Energy
- $360,000
- Income-Based Land
- $300,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Penfield
- County
- Monroe
- State
- New York
- Longitude
- -77.426
- Latitude
- 43.1651
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
