Property profile

2131 5th Mile Line Rd Penfield, NY 14526

OFF-MARKET
Investment properties
Property ID
US63-0340778
6,400 SF 0.17 ac lot Built 1891
Individually Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional single-tenant property, located at 2131 5 Mile Line Road in Penfield, NY 14526 (cross street: Rt:441), presents a unique opportunity. Situated within the Penfield Arts Center, this wellness studio boasts updated finishes within a historically significant building, circa 1890s. The lower-level space offers a captivating blend of modern amenities and charming architectural details. Features include exposed brick columns, attractive stone walls, and an open ceiling design enhanced by ample natural light from well-placed windows. The property is classified as Special Purpose, specifically a Wellness Studio, and is perfect for a variety of uses. The current owner is seeking a collaborative tenant whose business complements the existing artistic atmosphere of the building. This is a rare chance to acquire a distinctive commercial space in a thriving community, combining historical character with contemporary functionality. The property's location provides excellent visibility and accessibility. This is an exceptional opportunity for a wellness-focused business or an arts and crafts operation seeking a unique and inspiring environment.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1891
Total area 6,400 SF
Lot 0.17 ac (7,405 SF)
Zoning code FC
APN 264200 139.10-1-2
UPID US63-0340778

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Theater & Performing Art Venue
  • Music Venue Publishing House
  • High School

Location

2131 5th Mile Line Rd Penfield, NY 14526-2210
Penfield metro Census 11601 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$541k
Blend (final) Blend
$285k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2008
$124,449

Zoning & alternative use

FC · Penfield, NY
Zoning description

Four Corners District (FC). Purpose and intent. The purpose of the Four Corners District is to encourage a mix of commercial and residential uses that preserves the historic character of the area and creates a walkable,…

General category UNKNOWN
Top alternative use upside
Restaurant $750,000 +13.1%
Auto repair, garage $725,000 +9.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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