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    1506 Empire Blvd Webster, NY 14580

    Sponsored
    For Sale
    $649,900

    2.9-Acre Prime Webster Property, High Traffic

    Property size:
    4,564 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 2.9-acre property at 1506 Empire Blvd in Webster, NY, presents a remarkable redevelopment opportunity. Boasting over 450 feet of frontage on a high-traffic corridor with an Average Annual Daily Traffic (AADT) exceeding 27,000 vehicles, this site offers unparalleled visibility and accessibility. Located just 15 minutes from Downtown Rochester, the property includes a 4,564 square foot multi-family residence currently generating $1,250 monthly rental income. The residence features a new roof and updated bathroom. Adding to the property's versatility are a spacious barn and a block building, formerly a cider mill, offering unique character and potential for adaptive reuse. An existing open market-style structure along the frontage provides flexibility for immediate business use or incorporation into future development plans. Preliminary plans for a 22-unit multi-family residential building are available, showcasing the significant development potential. This section of Empire Boulevard is experiencing a surge in new development, solidifying its position as a thriving commercial and residential area. The high traffic count and prominent location make this a prime investment opportunity for both residential and commercial projects. The asking price is $649,900.

    Property Features for 1506 Empire Blvd

    General Information

    Property type
    Residential income properties
    Square Feet
    4,564 SF
    Lot Size
    126,324 SF

    Building Details

    Year Built
    1840
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Monroe
    State
    New York
    Longitude
    -77.5097
    Latitude
    43.17785

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    FAQs

    What type of property is this?
    Residential income property - 2.9-Acre Prime Webster Property, High Traffic
    Where is this residential income property located?
    The property is located at 1506 Empire Blvd Webster, NY.
    What is the asking price?
    The asking price for this property is $649,900.
    (315) 524-7320
    Request Owner's contact information
    1506 Empire Blvd Webster, NY 14580
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    Webster, NY 14580
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1506 Empire Blvd Webster, NY 14580
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