Property profile

7 Pearl St Phelps, NY 14532

OFF-MARKET
Warehouses
Property ID
US63-0879250
5,806 SF 1.1 ac lot Built 1950
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This versatile 13,026 square foot commercial property, situated on a 1.1-acre lot at 7 Pearl St in Phelps, NY, presents a unique investment opportunity. Previously utilized as a bottle recycling center, retail lumber yard, and religious facility, the property boasts a rich history and adaptable layout. The building is primarily one-story, featuring a second-floor office loft above a kitchen and restroom area. A small partial basement houses the hot water heater. The front of the structure retains headers for potential overhead doors, ideal for loading and delivery. The property benefits from three-phase electric, LED lighting, and three furnaces (two above ceiling, one requiring repair) serving different building sections. Two sections also have air conditioning. A new water supply line connects to the street, and high-speed internet is available. The substantial rear lot offers ample space for storage or expansion. Public water, sewer, and gas services are connected. The 150x135' corner lot offers potential for subdivision into a residential building lot, subject to town approvals, or could remain with the commercial property for additional parking. The property's location adjacent to the railroad provides convenient access. Please note that many photos in the listing are from a 2013 sale and the property is sold "as is," requiring some repair work. Handicap accessibility is a feature. This property is ideal for a variety of commercial uses and presents significant upside potential.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1950
Total area 5,806 SF
Lot 1.1 ac (47,916 SF)
Zoning code 06 - INDUSTRIAL
APN 324001 48.09-3-52.100
UPID US63-0879250

Cap rate & NOI

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

Location

7 Pearl St Phelps, NY 14532-1109
Phelps metro Census 50401 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2025
Last sale
$80,000
3 recorded transactions
2025
Price N/A
2025
$80,000
2013
$100,000

Zoning & alternative use

06 - INDUSTRIAL · Phelps, NY

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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