Freestanding Restaurant
For Sale
$250,000
532 Lake Avenue, Rochester, NY 14613
CommercialSale, Rochester, NY
Property Size2,109 SF
Lot Size0.29 Acres
Price / SF$118.54
Days on Market44
Property Features for 532 Lake Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-03
Zoning description
Commercial
Parking
10
Subdivision
Town Lt
Lot features
Rectangular, Rectangular Lot
Elementary school district
Rochester
Middle school district
Rochester
High school district
Rochester
Standard status
Active
APN
261400-105-350-0003-013-000-0000
Size
2,109 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Annual Amount
5022
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1920
Floors in Building
1
Building materials
Block
Roof type
Flat
Listing Agency:
NORCHAR, LLC
Listed By:
Joshua Valletta · License #10301217890
(585) 244-4444
Added: Aug 24
Changed: Sep 18
Last Checked: Oct 6 at 4:06PM
MLS# R1709524
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding restaurant building contains 2,109 square feet with a customer dining area, service counter, takeout window, commercial kitchen, preparation and wash areas, walk-in cooler, and two bathrooms. Existing kitchen equipment is included. The building was constructed in 1920 and features block construction, a flat roof, natural gas forced-air heat, central air conditioning, and public sewer service.
Located at 532 Lake Avenue in Rochester, the property occupies 0.2922 acres along Lake Avenue. Large storefront windows provide street exposure, while the site includes a substantial on-site parking area. The water tank is 1 year old, the roof is 10 years old, and the furnace and central A/C are 8 years old. Zoning is C-03.
Located at 532 Lake Avenue in Rochester, the property occupies 0.2922 acres along Lake Avenue. Large storefront windows provide street exposure, while the site includes a substantial on-site parking area. The water tank is 1 year old, the roof is 10 years old, and the furnace and central A/C are 8 years old. Zoning is C-03.
Key Highlights
- 2,109‑square‑foot freestanding restaurant building on 0.2922 acres
- Commercial kitchen with included equipment, walk‑in cooler, prep and wash areas
- Customer dining area, service counter, takeout window, and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,510
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,200
$430.2K
Cap Rate 7%
$307,286
$307.3K
Cap Rate 9%
$239,000
$239.0K
Market Conditions
NOI Build-Up for 2,109 SF
Gross rent
$32.9K $15.60/SF
− Vacancy
−$2.2K −$1.03/SF
EGI
$30.7K $14.57/SF
− OpEx
−$9.2K −$4.37/SF
NOI
$21.5K $10.20/SF
Area
Rochester, NY
Vacancy
6.60%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,200
Cap Rate 7%
$307,286
Cap Rate 9%
$239,000
Alternative Uses
Best Use
Specialty Retail
$437.8K
$383.1K – $510.8K
NOI $30,647 @ 7.0% cap · market cap 12.26%
Second Best
Retail
$408.6K
$357.6K – $476.7K
NOI $28,604 @ 7.0% cap · market cap 11.44%
Theoretical Best
Office A
$577.7K
$505.5K – $674.0K
NOI $40,442 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
108k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 23%
Groceries 12%
Apparel 2%
McDonald's
Dining
24,134 visits/mo
0.3 miles
Wendy's
Dining
13,076 visits/mo
0.2 miles
Aldi
Groceries
12,600 visits/mo
0.3 miles
Taco Bell
Dining
12,366 visits/mo
0.3 miles
ESL Federal Credit Union
Shops & Services
10,283 visits/mo
0.4 miles
Demographics for 14613, NY
14,882
Population
6,561
Households
2.3
Avg Household Size
31
Median Age
14%
College-Educated
77%
High-School Grad
1.9 sq mi
ZIP Area
7,833
Density / Sq Mi
$33,370
Median Household Income
$29,530
Median Earnings
$939
Median Rent
$108,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Rochester, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Vacant food-service property with a commercial kitchen, takeout window, and customer parking.
Where is this conventional restaurant located?
The property is located at 532 Lake Avenue Rochester, NY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,109‑square‑foot freestanding restaurant building on 0.2922 acres; Commercial kitchen with included equipment, walk‑in cooler, prep and wash areas; Customer dining area, service counter, takeout window, and 2 bathrooms
