Property profile

280 State St Auburn, NY 13021

FOR SALE
Commercial land
Property ID
US63-3830331
0.33 ac lot
Individually Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.33-acre commercial land parcel presents a unique investment opportunity in the thriving city of Auburn, New York. Located at 280 State Street, this property boasts a highly desirable location on a major thoroughfare, providing excellent visibility and accessibility. The lot features approximate dimensions of 50 feet of frontage and 289 feet of depth, offering ample space for a variety of commercial developments. Currently zoned C-General Commercial within the City of Auburn, this property is ready for immediate development. Its strategic placement next to Barlotta Furniture ensures high traffic flow and potential synergy with an established business. The asking price is $25,000, making this an attractive proposition for developers and investors seeking a prime location in a growing market. The property's convenient access to major roadways and its proximity to other businesses make it an ideal location for a wide range of commercial ventures. This vacant land presents a rare opportunity to establish a successful business in a vibrant and accessible location. Don't miss this chance to acquire a highly sought-after commercial property in Auburn, New York.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.33 ac (14,400 SF)
Zoning code C
APN 050100 108.75-1-56
UPID US63-3830331

Cap rate & NOI

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

Location

280 State St Auburn, NY 13021
Auburn metro Census 41300 AUBURN, NY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2016
1 recorded transaction
2016
Price N/A

Zoning & alternative use

C · Auburn, NY
Zoning description

C General Commercial District. A. Purpose and intent. The purpose of the General Commercial District (C) is to promote a variety of commercial uses and services which are well designed and contribute to the character and…

General category COMMERCIAL

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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