Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    160 Eastern Blvd Canandaigua, NY 14424

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Redevelopment site in Canandaigua, ideal for QSR or retail.

    Lot size:
    0.67 Acres

    Property Features for 160 Eastern Blvd

    General Information

    Lot size
    0.67 Acres

    Building Details

    Year built
    1983

    We can help!

    Listing Contact
    Brian P Donovan
    Source: Donovanres

    Listing Agent: Brian P Donovan

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

    Learn more

    Overview

    Prime Development Site in Canandaigua

    This available development/redevelopment site is located on Eastern Blvd in Canandaigua. The site is a former Denny's that has been redeveloped into a two-tenant parcel with a new 7 Brew Coffee and an available development site. The level lot is ideally located for a Quick Service Restaurant (QSR) or freestanding retail. The location benefits from high traffic counts and a signalized entrance. The site is available for lease or purchase. Canandaigua is a scenic community nestled on the north end of Canandaigua Lake, serving as the entrance to the Finger Lakes region of New York, and located 25 miles southeast of Rochester. The town features a historic main street with street retail, as well as a large commercial corridor with numerous hotels, local, and national retailers. The land is located across from a neighborhood shopping center with Planet Fitness, Starbucks, and McDonald's. Nearby retailers include Wegmans, Petco, Michaels, Hilton, WellNOW, Chipotle, Goodwill, Harbor Freight Tools, Big Lots, Raymour & Flanigan, TJ Maxx, Homegoods, Ollie's Bargain Outlet, Dollar Tree, ALDI, Wendy's, KFC, and Burger King.
    Location Intelligence

    Current Use by Public Records

    Denny's Diner The Meltdown Delivery Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Canandaigua
    County
    Ontario
    State
    New York
    Longitude
    -77.263284
    Latitude
    42.8787528

    Nearby Similar for Lease

    • $18 SF/Yr
      14,054 SF

      Farmington Office Space For Rent

      Office space in growing business quadrant with high traffic counts.
      1625 State Route 332, Farmington, NY 14425
      View Details
    • $2,300 /Mo
      2,000 SF

      Historic Fire Station Storefront

      Versatile Canandaigua storefront in a repurposed 1880 fire station.
      13 Niagara St, Canandaigua, NY 14424
      View Details
    • $1,800 /Mo
      1,000 SF

      Remodeled Office Space on Main

      Class A office space in Canandaigua with high visibility.
      270 S Main St, Canandaigua, NY 14424
      View Details
    • Contact for pricing
      2,000 SF

      Canandaigua Office Park Space

      Office spaces for rent in Canandaigua, NY.
      11 North St, Canandaigua, NY 14424
      View Details
    • Contact for pricing
      5,434 SF

      Retail Space in Parkway Plaza

      Prime retail space in a high-traffic Canandaigua shopping center.
      39 Eastern Blvd, Canandaigua, NY 14424
      View Details
    • Contact for pricing
      1,880 SF

      Prime Retail Space in Canandaigua

      High-visibility retail space in a busy shopping center.
      47-123 Eastern Blvd, Canandaigua, NY 14424
      View Details
    • $25 SF/Yr
      21,400 SF

      Auburn Junction: Retail & Office Space

      New development, flexible spaces available.
      6061 Way, Farmington, NY 14425
      View Details
    • Contact for pricing
      60,000 SF

      Canandaigua Mixed-Use Gem

      Prime Main Street location, flexible spaces.
      32 Main St, Canandaigua, NY 14424
      View Details
    • $1,500 /Mo

      Prime Corner Retail Pad Site

      High-visibility corner location suitable for drive-thru or retail.
      1880 State Route 332, Canandaigua, NY 14424
      View Details
    • $20 SF/Yr
      22,500 SF

      Class A Medical Office in Canandaigua, NY

      Prime Medical Office Space Available - Ontario County
      195 Parrish St, Canandaigua, NY 14424
      View Details
    • Contact for pricing
      54,495 SF

      Industrial Building Near New YMCA

      25,200 SF industrial building in Canandaigua, divisible sections available.
      5310 North St, Canandaigua, NY 14424
      View Details
    • Contact for pricing
      25,200 SF

      Industrial Building in Canandaigua

      25,200 SF industrial building in great condition for lease.
      5318 St N, Canandaigua, NY
      View Details

    FAQs

    What type of property is this?
    Commercial land - Redevelopment site in Canandaigua, ideal for QSR or retail.
    Where is this commercial land located?
    The property is located at 160 Eastern Blvd Canandaigua, NY.
    What are key features of this property?
    This property features: - High traffic location on Eastern Blvd in Canandaigua.; - Ideal for QSR or freestanding retail development/redevelopment.; - Located in a commercial corridor with numerous national retailers.
    (585) 703-3888
    Request Owner's contact information
    160 Eastern Blvd Canandaigua, NY 14424
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    160 Eastern Blvd
    Canandaigua, NY 14424
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    160 Eastern Blvd Canandaigua, NY 14424
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brian P Donovan
    Real Estate License ID: #10491202934
    (585) 703-3888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.