This exceptional commercial property at 50 Wallace Avenue in Auburn, NY, presents a remarkable investment opportunity. Boasting a substantial 10,738 square feet of space on a generous 1.36-acre lot, this well-maintained building offers unparalleled versatility. The clear-span construction allows for flexible and adaptable layouts to suit a wide range of commercial uses. The current owner occupies approximately 2,000 square feet and has a three-year lease agreement in place with the new buyer. Specific lease terms are negotiable post-sale. This property is ideal for businesses seeking ample space and the freedom to customize their workspace. Its prime location in Auburn offers excellent visibility and accessibility, making it an attractive proposition for a variety of commercial ventures. The asking price of $425,000 represents exceptional value for a property of this size and potential. The existing tenant provides a steady income stream during the initial three years, mitigating risk and offering immediate return on investment. Don't miss this chance to acquire a highly adaptable commercial space with significant growth potential in a thriving Auburn location. Serious inquiries only.

Property type Office buildings

Use group OFFICE BUILDING

Year built 1988

Total area 9,104 SF

Lot 1.36 ac (59,242 SF)

Zoning code I

APN 050100 115.65-1-47.21

UPID US63-0383795

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Dental Office
Factory Industrial Manufacturer
Accounting Firm Tax Preparation

50 Wallace Ave Auburn, NY 13021-3116

Auburn metro Census 42100 AUBURN, NY MICROPOLITAN STATISTICAL AREA

Google Maps

AI Approach AI

$270k

CAP Approach CAP

by Request

Comparable Approach Comparable

by Request

Blend (final) Blend

$270k

since 2026

6 recorded transactions

2026

$455,000

2017

Price N/A

2013

$185,000

1969

Price N/A

1969

Price N/A

1969

Price N/A

Zoning description

I General Industrial District. A. Purpose and intent. The general purpose of the General Industrial District (I) is to provide for areas in the City to facilitate and encourage business growth and job creation where indu…

General category INDUSTRIAL

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