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Property profile & analytics
OFF-MARKET
Commercial real estate

1347 Hathaway Dr Farmington, NY 14425

1.65 ac lot
Property ID
US63-5455095
Property summary
AI-generated overview

This exceptional 1.65-acre commercial land parcel presents a unique development opportunity in Farmington, New York. Located at 1347 Hathaway Drive, this property boasts a highly desirable location adjacent to the 184-unit Farmington Creek Apartments, a recently constructed (2018) residential complex. The site is zoned for commercial incentive zoning, allowing for significant development potential. Plans have been approved for the construction of three buildings, with a potential build-out ranging from 5,000 to 15,000 square feet. This prime location offers unparalleled visibility and accessibility, situated on Ontario County's primary north/south traffic corridor (Route 332), experiencing a daily traffic count of 24,000 vehicles. All essential utilities are readily available on-site, including sanitary sewer, domestic and sprinkler water, underground electric, Spectrum (phone, internet, cable), Frontier phone service, and storm drainage. This presents a rare chance to capitalize on a high-traffic area with existing residential density, making it ideal for a variety of commercial ventures. The asking price for this exceptional property is $100,000. Don't miss this opportunity to secure a thriving commercial location in a rapidly growing area.

Property profile
Verified
Property type Commercial real estate
Lot 1.65 ac (71,874 SF)
UPID US63-5455095
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
Current use
Occupant on record · Public records
  • Farmington on the Creek Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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