5633 State Route 31 Verona, NY 13478
This exceptional commercial property, located at 5633 State Route 31 in Verona, NY, presents a compelling investment opportunity. The 3,150 square foot building sits on a sizable 0.8-acre lot, providing ample parking and potential for expansion. Currently, four long-term commercial tenants occupy the space, generating consistent rental income. The property's strategic location, just minutes from the renowned Turning Stone Resort Casino, ensures high visibility and foot traffic. The existing structure offers the potential for up to five storefronts, allowing for increased revenue streams and diversification of tenants. The large parking lot accommodates customers and employees comfortably. This property is ideal for investors seeking a stable, income-producing asset with significant upside potential. The existing tenants provide immediate cash flow, while the layout and location offer flexibility for future development and growth. This is a rare opportunity to acquire a well-established commercial property in a thriving area with strong potential for long-term appreciation. The asking price is $175,000. Don't miss this chance to secure a valuable addition to your investment portfolio.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.