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    FOR LEASE
    Commercial real estate

    2240 Penfield Rd, Penfield, NY 14526

    1.62 ac lot
    Property ID
    US63-3302794
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.62 ac (70,567 SF)
    APN 264200 140.01-1-9
    UPID US63-3302794
    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
    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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