2240 Penfield Rd, Penfield, NY 14526
For Lease
1 / 4
This exceptional 1.62-acre commercial land parcel, located at 2240 Penfield Road in Penfield, New York, presents a unique investment opportunity. Zoned LB-Limited Business District, this property is ideally suited for a variety of development projects, including retail, office, mixed-use, or residential construction. Situated in a densely populated residential area near the intersection of routes 441 and 250, the site benefits from high visibility and convenient access to a substantial customer base. Its proximity to shopping centers and other retail establishments ensures a consistent flow of foot traffic, enhancing the potential for success. Utilities are readily available on-site, simplifying the development process. The asking price for this rare and desirable property is $750,000. The property's APN is 264200 140.01-1-9. This prime Penfield location offers exceptional potential for developers seeking a strategic investment in a thriving community. Don't miss this chance to acquire a highly sought-after development site in a bustling area with a strong residential base.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miSimilar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.