1345 Penfield Center RdPenfield, NY 14526

Property Details for 1345 Penfield Center Rd

Year built

1960

Lot size

12.88 AC

Property size (Sq ft)

3,200 SF

Zone code

RA-2

Property type

Investment properties

Property subtype

Retail residential properties

APN

264200 110.03-1-7

APU

2642001100317

Description

This exceptional 12.88-acre agricultural property in Penfield, NY, presents a unique investment opportunity. The site boasts a substantial 25,000 square foot greenhouse, including a dedicated 1-acre hydroponic greenhouse, perfectly suited for diverse agricultural operations. Complementing the greenhouse is 3,200 square feet of commercial space, featuring three walk-in coolers and adjacent living quarters, providing ample storage and potential for on-site management. The property benefits from a recently upgraded 400-amp electrical service, ensuring sufficient power for demanding agricultural operations. Thirty or more newly paved parking spaces accommodate staff and visitors. The property is zoned RA-2, permitting continued agricultural use, and enjoys a prime location in Penfield, offering easy access to major transportation routes and proximity to key markets. The previous use included outdoor hemp and general produce farming. This versatile property is ideal for established agricultural businesses seeking expansion or entrepreneurs looking to establish a thriving operation. The potential for diversification and exploration of niche markets is significant. While the current zoning allows for continued agricultural use, discussions regarding potential re-zoning are welcome. The asking price for this exceptional property is $825,000.

• CAP approach

  CAP return

  Valuation

  6%

  $640,766

  6.5%

  $591,476

  7%

  $549,228

• Comparable approach

  Method

  Valuation

  Relative Method

  $453,137

  Geo Method

  $648,074

• Alternative Use

  Use

  Valuation

  Residential

  $591,476

  Hospitality

  $541,789

  Educational

  $450,762

  Medical

  $466,264

  Retail

  $701,185

Location Insight

City

Penfield

County

Monroe

State

New York

Latitude

43.1651

Longitude

-77.426

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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