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    9 Mile Pt Rd E Penfield, NY

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    For Sale
    $2,875,000

    Property leased to Panera Bread in prime location.

    Property size:
    4,334 SF
    Lot size:
    1.21 Acres

    Property Features for 9 Mile Pt Rd E

    General Information

    Size
    4,334 SF
    Lot size
    1.21 Acres

    Source: Matthews Real Estate Investment Services Agent Maxx Bauman

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

    Overview

    Panera Bread Investment Opportunity

    This property is leased to Panera Bread, a fast-casual restaurant chain with over 2,100 locations nationwide. The property is situated across the street from a retail center anchored by Target, Wegmans, and JOANN Fabrics and Crafts. Other nearby tenants include ALDI, The Home Depot, Staples, Walgreens, Taco Bell, McDonald’s, and Moe’s Southwest Grill. The surrounding area has witnessed an upswing in commercial development. The 4,334 square foot property is located on Fairport Nine Mile Road, which sees over 15,000 vehicles per day. The property is located less than 1-mile away from Harris Hill Elementary School and multiple medical office parks and facilities, including UR Medicine Primary Care, Penfield Pediatrics. The property benefits from a drive-thru, ensuring consistent demand. The location is in Penfield, NY, an affluent suburb in the Rochester MSA with an average household income over $113,000 within a 1-mile radius. Rochester is a growing market in Upstate New York, with over 100,000 residents in a 5 mile radius.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Map

    City
    Penfield
    County
    Monroe
    State
    New York
    Longitude
    -77.4587239
    Latitude
    43.1478006

    Nearby Similar for Sale

    • $3,083,000
      3,500 SF

      Fairport Retail Property For Sale

      Retail property with a new 20-year lease in Penfield, NY.
      2146 Fairport Nine Mile Point Rd, Penfield, NY 14526
      View Details
    • Contact for pricing
      3,119 SF

      Penfield Office Complex - Owner/User

      Two-building office complex, ideal owner-user or investor.
      2570 Baird Rd, Penfield, NY 14526
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Property leased to Panera Bread in prime location.
    Where is this drive through restaurant located?
    The property is located at 9 Mile Pt Rd E Penfield, NY.
    What is the asking price?
    The asking price for this property is $2,875,000.
    What are key features of this property?
    This property features: - Leased to Panera Bread, a nationally recognized and creditworthy tenant with over 2,100 locations.; - Prime location across from a large retail power center anchored by Target, Wegmans, and JOANN Fabrics.; - Drive-thru provides consistent demand and stability.
    (310) 994-0262
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    9 Mile Pt Rd E Penfield, NY
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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
    9 Mile Pt Rd E Penfield, NY
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