2131 Five Mile Line RdPenfield, NY 14526

Property Details for 2131 Five Mile Line Rd

Year built

1891

Lot size

0.17 AC

Property size (Sq ft)

6,400 SF

Zone code

FC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

264200 139.10-1-2

APU

2642001391012

Description

This exceptional single-tenant property, located at 2131 5 Mile Line Road in Penfield, NY 14526 (cross street: Rt:441), presents a unique opportunity. Situated within the Penfield Arts Center, this wellness studio boasts updated finishes within a historically significant building, circa 1890s. The lower-level space offers a captivating blend of modern amenities and charming architectural details. Features include exposed brick columns, attractive stone walls, and an open ceiling design enhanced by ample natural light from well-placed windows. The property is classified as Special Purpose, specifically a Wellness Studio, and is perfect for a variety of uses. The current owner is seeking a collaborative tenant whose business complements the existing artistic atmosphere of the building. This is a rare chance to acquire a distinctive commercial space in a thriving community, combining historical character with contemporary functionality. The property's location provides excellent visibility and accessibility. This is an exceptional opportunity for a wellness-focused business or an arts and crafts operation seeking a unique and inspiring environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,033,493

  6.5%

  $953,993

  7%

  $885,851

• Comparable approach

  Method

  Valuation

  Relative Method

  $584,692

  Geo Method

  $836,224

• Alternative Use

  Use

  Valuation

  Residential

  $1,182,952

  Hospitality

  $1,083,578

  Educational

  $901,524

  Medical

  $932,528

  Retail

  $1,402,370

Location Insight

City

Penfield

County

Monroe

State

New York

Latitude

43.1292

Longitude

-77.4762

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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