248 State Route 31 - Apartments FOR SALE


Macedon, NY 14502
$419,000 USD
585-465-1544
248 State Route 31, Macedon, NY for Sale
$419,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

248 State Route 31
Macedon, NY 14502


HIGHLIGHTS

  • Potential for prime commercial development.
  • Substantial road frontage on State Route 31.
  • Almost 16,000 AADT
  • Additional development opportunity with adjacent property.
  • Part of the Greater Rochester market.

OVERVIEW

Currently a multifamily property, 248 State Route 31 offers immense potential for commercial development, either as a stand-alone project or as a strategic complement to the adjacent 248R State Route 31 barn property. With substantial road frontage on State Route 31, this site provides high visibility and accessibility in one of Macedon’s busiest corridors. The property's prime location positions it perfectly for various commercial uses, such as retail, office space, or a supportive facility for the adjacent barn, enhancing its appeal as a cohesive development opportunity. Macedon is part of the thriving Greater Rochester market, surrounded by a mix of established businesses, retail centers, and dining destinations. Its proximity to residential neighborhoods and key transportation routes ensures a steady flow of traffic and customer engagement. With the area's growing economy and increasing demand for commercial and mixed-use spaces, 248 State Route 31 is ideally situated to capitalize on the region's momentum. Additional Development Opportunity: There is an opportunity to acquire the adjacent property at 248R State Route 31, a beautifully renovated barn with tremendous commercial potential. Together, these properties create a unique chance to develop a complementary and dynamic commercial hub in the heart of Macedon. Seize this rare opportunity to transform a multifamily property into a high-performing commercial venture and unlock the full potential of this exceptional location.

FOR SALE DETAILS

PRICE

$419,000 USD

PRICE/SF

$74 USD /SF

# OF UNITS

3

PRICE/UNIT

$139,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Macedon Development Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1875

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

543000 61111-00-143732

ASK ABOUT THIS PROPERTY

Jason BeckBrixwood, LLCMore Info
585-465-1544

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Jason BeckBrixwood, LLCMore Info
585-465-1544

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.