240 State Route 31
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240 State Route 31
2,963 SF Retail Building Macedon, NY 14502 $1,805,872 CAD ($609 CAD/SF) 2.52% Cap Rate
Investment Highlights
- adjacent to 260 new townhomes, traffic count of 15,000/day, new traffic light
- current use as a boutique fitness center; shared access with adjacent property
- original 1974 frontage 1000sqft, new post-frame construction built in 2021 totaling 2000sqft
Executive Summary
Prime Commercial Investment Opportunity in Macedon, NY
Discover a lucrative investment at 240 State Route 31, Macedon, NY. This high-visibility property features a 2,963 sq. ft. building situated on a 0.46-acre lot, generating $32,000/year in rental income. Currently operating as a boutique fitness center, this versatile space is primed for continued success or potential redevelopment.
Key Features:
Premium Location: Full glass frontage directly on State Route 31, offering outstanding visibility and exposure to 15,000 vehicles per day.
Modern & Efficient Design: The building was remodeled in 2020, with a new 2,000 sq. ft. post-frame construction added in 2021, complementing the original 1974 1,000 sq. ft. frontage.
Ample Parking: 18 dedicated parking spaces for client convenience.
Energy Efficiency: Updated lighting for reduced energy costs and sustainability.
Loft Office Space: Ideal for administrative functions or additional rental potential.
Surrounding Growth & Development:
Strategically located adjacent to 260 new townhomes, ensuring a steady flow of potential clients or tenants.
Benefiting from a new traffic light installation, increasing ease of access and safety.
Endless Potential:
Perfect for investors seeking steady income or businesses looking for a prime retail or service location. Its shared access with the neighboring property opens opportunities for expanded business ventures.
Don’t miss this opportunity to own a strategically positioned, income-generating property in a thriving and growing community!
Discover a lucrative investment at 240 State Route 31, Macedon, NY. This high-visibility property features a 2,963 sq. ft. building situated on a 0.46-acre lot, generating $32,000/year in rental income. Currently operating as a boutique fitness center, this versatile space is primed for continued success or potential redevelopment.
Key Features:
Premium Location: Full glass frontage directly on State Route 31, offering outstanding visibility and exposure to 15,000 vehicles per day.
Modern & Efficient Design: The building was remodeled in 2020, with a new 2,000 sq. ft. post-frame construction added in 2021, complementing the original 1974 1,000 sq. ft. frontage.
Ample Parking: 18 dedicated parking spaces for client convenience.
Energy Efficiency: Updated lighting for reduced energy costs and sustainability.
Loft Office Space: Ideal for administrative functions or additional rental potential.
Surrounding Growth & Development:
Strategically located adjacent to 260 new townhomes, ensuring a steady flow of potential clients or tenants.
Benefiting from a new traffic light installation, increasing ease of access and safety.
Endless Potential:
Perfect for investors seeking steady income or businesses looking for a prime retail or service location. Its shared access with the neighboring property opens opportunities for expanded business ventures.
Don’t miss this opportunity to own a strategically positioned, income-generating property in a thriving and growing community!
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,963 SF
Building Class
C
Year Built
1974
Price
$1,805,872 CAD
Price Per SF
$609 CAD
Cap Rate
2.52%
NOI
$45,558 CAD
Tenancy
Single
Building Height
1 Story
Lot Size
85.37 AC
Zoning
commercial
Parking
10 Spaces per 1,000 SF Leased
Frontage
1,000 ft on 240 State Route 31
Amenities
- 24 Hour Access
- Freeway Visibility
- Security System
- Signage
- Signalized Intersection
- Air Conditioning
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Presented by
Vega Leasing of WNY
240 State Route 31
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