153 Grant Ave, Auburn, NY 13021-1501

This exceptional 14,988-square-foot retail property, located at 153 Grant Avenue in Auburn, New York, presents a compelling investment opportunity. Formerly a Rite Aid, this single-story building sits on a 2.27-acre lot in a prime retail corridor, boasting excellent visibility and pylon signage. The property enjoys a 100% occupancy rate and is offered at an asking price of $1,900,000, representing a $126.77 per square foot price and a 5.00% cap rate. Strategically positioned at a traffic light with two convenient access points, it offers ample parking and a drive-thru, catering to customer convenience. The property's zoning (C Business) allows for multiple permitted uses, presenting significant redevelopment potential. Grant Avenue (NY Route 5) experiences high traffic volume, with 30,864 vehicles per day, ensuring substantial exposure to potential customers. Nearby major retailers include Lowe's, BJ's, Bass Pro Shops, and Wegmans, further solidifying the property's location within a thriving retail environment. This NNN-leased property is a single-tenancy building, offering a straightforward and potentially lucrative investment opportunity for discerning buyers. The property's size, location, and potential for various uses make it an attractive prospect for investors seeking a strong return on investment in a high-demand retail market.