Macedon Development Opportunity | 248 State Route 31
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Macedon Development Opportunity 248 State Route 31
3 Unit Apartment Building $499,000 ($166,333/Unit) Macedon, NY 14502
Investment Highlights
- Potential for prime commercial development.
- Almost 16,000 AADT
- Part of the Greater Rochester market.
- Substantial road frontage on State Route 31.
- Additional development opportunity with adjacent property.
Executive Summary
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.
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.
Property Facts
| Price | $499,000 | Building Class | C |
| Price Per Unit | $166,333 | Lot Size | 0.80 AC |
| Sale Type | Investment | Building Size | 5,700 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1875 |
| Property Subtype | Apartment | Parking Ratio | 1.75/1,000 SF |
| Apartment Style | Low Rise |
| Price | $499,000 |
| Price Per Unit | $166,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.80 AC |
| Building Size | 5,700 SF |
| No. Stories | 2 |
| Year Built | 1875 |
| Parking Ratio | 1.75/1,000 SF |
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Macedon Development Opportunity | 248 State Route 31
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