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    602 Ridge Rd Webster, NY 14580

    Sponsored
    For Sale
    $350,000

    Prime 1.4-acre corner lot, 14,565 sqft.

    Property size:
    14,565 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional redevelopment opportunity in Webster, NY, presents a unique chance to transform a prominent 14,565 square-foot property. Located at 602 Ridge Road, this former restaurant boasts high visibility due to its corner location and traffic light. The expansive space, previously occupied by the Jade Palace, offers significant potential for various uses, including restaurants, banquet halls, commercial ventures, retail establishments, medical facilities, or office spaces. The property's MC (Medium-Intensity Commercial) zoning allows for diverse development options. The substantial 1.4-acre lot provides ample parking for any future use. An adjacent 0.96-acre vacant parcel at 1016 Mura Lane is also available for purchase separately, presenting an opportunity to expand the site's development potential. This location benefits from the Town of Webster's active pursuit of redevelopment and rehabilitation within the West Webster Hamlet, aligning with their pending application for Restore NY funding assistance from New York State. The Town aims to identify potential partners before their December 20, 2024 funding request submission. This presents a timely opportunity to capitalize on this prime location and potential funding assistance. The property is priced at $350,000, offering a compelling investment prospect. The adjacent parcel is available for an additional $125,000.

    Property Features for 602 Ridge Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    14,565 SF
    Lot Size
    60,984 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    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
    -77.49578
    Latitude
    43.2048

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    FAQs

    What type of property is this?
    Office Property / Space - Prime 1.4-acre corner lot, 14,565 sqft.
    Where is this office property / space located?
    The property is located at 602 Ridge Rd Webster, NY.
    What is the asking price?
    The asking price for this property is $350,000.
    (585) 315-8161
    Request Owner's contact information
    602 Ridge Rd 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
    602 Ridge Rd Webster, NY 14580
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