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    490 State St Rochester, NY 14608

    For Sale
    $395,000

    Established restaurant location available for sale in Rochester, NY.

    Property size:
    2,000 SF
    Lot size:
    0.17 Acres

    Property Features for 490 State St

    General Information

    Size
    2,000 SF
    Lot size
    0.17 Acres

    Source: EXP Commercial Agent Michael Conroy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rochester Restaurant Opportunity on State

    Located at 490 State Street in Rochester, NY, this property presents a commercial opportunity. The site has been home to Spiro’s Restaurant for over 40 years. Situated on a corner lot with traffic light access, the location benefits from high visibility and traffic, with over 16,000 vehicles passing daily. The property is equipped to continue operating as a diner or to be transformed for other business uses. All existing restaurant infrastructure and equipment are included, offering a turnkey solution. The zoning supports a range of uses within fully enclosed buildings. The property offers flexibility and an ideal location for a business venture. The building size is 2,000 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Spiro's Diner

    Suggested Use

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

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

    Similar Places Nearby

    Busy Bee, Ethiopian Eng’s Egg Factory

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6217803
    Latitude
    43.1636833

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    FAQs

    What type of property is this?
    Breakfast & diner - Established restaurant location available for sale in Rochester, NY.
    Where is this breakfast & diner located?
    The property is located at 490 State St Rochester, NY.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - High-traffic corner lot with traffic light access, capturing over 16,000 vehicles daily.; - Turnkey restaurant operation with all existing infrastructure and equipment included.; - Established site with a 40+ year history as Spiro’s Restaurant, a local favorite.
    (585) 802-3327
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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
    490 State St Rochester, NY 14608
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