38 Allen St, Auburn, NY 13021
For Sale
1 / 9
This exceptional 75,000-square-foot Class A industrial property, located at 38 Allen Street in Auburn, New York, presents a unique investment opportunity. The property, situated on a 6.44-acre lot, comprises a single-story building constructed in two phases: 50,000 square feet in 2014 and an additional 25,000 square feet in 2021. The building features a steel frame construction with a sealed concrete floor, boasting a 24-foot ceiling height. Loading capabilities include two loading docks equipped with levelers and a single 16-foot drive-in door. The interior is meticulously maintained and includes a conference room, modern restrooms, and a comprehensive sprinkler system. The property benefits from 600-amp electrical service, a 3-inch gas line, and power at each column. Full insulation ensures efficient climate control, with heating throughout and air conditioning in the office and conference areas. Security features include camera and security systems. The property is zoned I-I Industrial and is conveniently located within the Auburn Technology Park, surrounded by similar industrial and warehouse users. Adjacent land offers potential for future expansion, with an additional 14.55 acres available to the east. This turnkey operation is currently vacant and ready for immediate occupancy. The property's pristine condition and extensive amenities make it an attractive investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I1 · Auburn, NYAuburn. Always verify with local authorities before improvements.
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.