Investment Overview
This 93,748 SF shopping center is 98% occupied, with below market rents offering a clear opportunity to increase NOI. Zoned Canal Corridor Overlay District/General Commercial, the property supports a wide range of retail and service uses. The building features a flexible layout and strong tenant mix, making it ideal for a retail or neighborhood center investor. With stable occupancy, upside potential, and a substantial footprint, this property is a compelling investment in a proven commercial setting.
Investment Highlights
- Occupied by a mix of regional and local tenants; strong income with upside through lease-up or redevelopment.
- 502’ Frontage on Route 31
- 38,000+ residents within a 5-mile radius; high daily vehicle count on NY-31.
- Close to Walmart, Wegmans, Lowe’s, Macedon Commons, schools, and Erie Canal
- recreation.
- Concrete and steel construction, large storefront windows, flexible layouts, and pylon
- signage.