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    OFF-MARKET
    Agricultural properties

    2980 Crk Rd, Palmyra, NY 14522-9360

    1,009 SF 1.5 ac lot Built 1975
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US63-6075130
    Property summary
    AI-generated overview

    This exceptional commercial property in Palmyra, NY, presents a unique investment opportunity. Spanning 2.1 acres and boasting 1,009 square feet of heated and air-conditioned office space, this facility includes a restroom and ample counter and storage space. The property features a substantial 10,000-gallon propane tank, allowing for cost-effective bulk purchasing. A large, top-of-the-line truck scale is housed in its own building with oversized windows offering excellent visibility. Efficient grain handling is ensured by a drive-over conveyor system for quick unloading, over 200,000 bushels of storage capacity, and multiple grain legs. The facility is equipped with 3-phase electric power, ideal for high-demand operations, and has recently undergone significant updates, including new fans, chains, and motors. This turnkey operation is conveniently located near CSX rail lines and includes an adjoining lot (tax ID 543689-065-111-000-200-832-0000), making it an ideal co-op or individual grain handling operation. Priced at $475,000.

    Property profile
    Verified
    Property type Agricultural properties
    Use group GRAIN ELEVATOR
    Year built 1975
    Total area 1,009 SF
    Lot 1.5 ac (65,340 SF)
    Zoning code LI
    APN 543689 65111-00-152844
    UPID US63-6075130
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Germeo Farms LLC · 2 yrs held
    Germeo Farms LLC
    since 2024
    Last sale
    $325,000
    4 recorded transactions
    2024
    2022
    $325,000
    2010
    $150,000
    2005
    $67,500
    Zoning & alternative use
    LI · Palmyra, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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