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248 NY-31 - Macedon Development Opportunity

3 Unit Apartment Building Offered at £390,867 in 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.

Property Facts

Price £390,867
Price Per Unit £130,289
Sale Type Investment
No. Units 3
Property Type
Residential
  • General Retail Storefront Retail/Residential
Building Size 3,871 SF
Average Occupancy 0%
Number of Floors 2
Year Built 1875

zoning

Zoning Code GC (General Commercial District)
GC (General Commercial District)
  • Listing ID: 34196115

  • Date on Market: 13/12/2024

  • Last Updated:

  • Address: 248 NY-31, Macedon, NY 14502

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