Prime retail storefront, Kodak Theater views, high traffic.
Property size:
954 SF
Description
Added:
Feb 3, 2025
Days on Market:
338
This exceptional 954-square-foot office building at 211 W Ridge Rd, Rochester, NY, presents a unique investment opportunity. Boasting a prime location directly across from the Kodak Theater & Performing Arts Center, this property benefits from significant foot and vehicular traffic, with over 20,000 cars passing daily. Its highly visible corner location ensures maximum exposure. Convenient access to major roadways, including Route 104, I-590, and I-390, enhances its accessibility. The building underwent a complete renovation in 2023, encompassing a new roof, updated framing, a substantial 400-amp electrical service upgrade, new plumbing, and modern storefront glass. The C-3 zoning allows for diverse uses, including general retail, cannabis dispensaries/micro-consumption lounges (within the designated Green Zone), liquor stores, restaurants, bars, bakeries, and more. On-site parking accommodates eight vehicles, with additional parking available on the adjacent Palm Street and potentially rentable spaces at the neighboring Kodak lot. The property sits on a 0.12-acre lot. A significant advantage for potential buyers is the seller's willingness to hold a first position note, facilitating a smoother acquisition process. This property is priced at $650,000 and offers a compelling blend of location, recent renovations, and flexible zoning.
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211 Ridge Rd Rochester, NY 14615
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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.
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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.
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211 Ridge Rd Rochester, NY 14615
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211 Ridge Rd, Rochester, NY
Evan Schaefer
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to 211 Ridge Rd Rochester, NY 14615
211 Ridge Rd, Rochester, NY
Evan Schaefer
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