Grocery Store with Loading
For Sale
Contact for pricing
Pending
12 Lake Avenue, Rochester, NY 14608
The former food-market space has a walk-in cooler, shelving, three-phase power and rear parking.
Property Size3,455 SF
Days on Market49
Property Features for 12 Lake Avenue
General Information
Standard status
Pending
Size
3,455 SF
Total Parking Spaces
15
Property subtype
Commercial
Site & Location
Neighborhood
High Falls
Corner Location
Yes
Utilities to Site
Yes
Amenities
loading docks
3 phase electric
Building Details
Year Built
1970
Listing Agency:
Howard Hanna
(585) 473-1320
Listed By:
Richard L. Leasure · License #30LE1170357
(585) 729-2500
Source:
Prestigefamilyrealty
Added: Sep 14
Changed: Nov 1
Last Checked: Nov 1 at 1:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,455-square-foot commercial property was built in 1970 and previously operated as a grocery store. Existing food-market equipment, including a walk-in cooler and shelving, may remain or be removed. Loading docks and three-phase electric service are in place, with parking for 15 cars behind the building.
A one-bedroom apartment beside the store is available as an additional component. Additional commercial space is also available for users seeking a larger footprint. The property sits at a signalized intersection.
A one-bedroom apartment beside the store is available as an additional component. Additional commercial space is also available for users seeking a larger footprint. The property sits at a signalized intersection.
Key Highlights
- 3,455‑square‑foot former grocery store
- Loading docks and three‑phase electric service
- Walk‑in cooler and shelving can remain or be removed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,859
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,180
$937.2K
Cap Rate 7%
$669,414
$669.4K
Cap Rate 9%
$520,656
$520.7K
Market Conditions
NOI Build-Up for 3,455 SF
Gross rent
$74.6K $21.60/SF
− Vacancy
−$7.7K −$2.22/SF
EGI
$66.9K $19.38/SF
− OpEx
−$20.1K −$5.81/SF
NOI
$46.9K $13.56/SF
Area
Rochester, NY
Vacancy
10.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,180
Cap Rate 7%
$669,414
Cap Rate 9%
$520,656
Alternative Uses
Best Use
Specialty Retail
$717.2K
$627.6K – $836.8K
NOI $50,206 @ 7.0% cap · market cap 2,008.24%
Second Best
Retail
$669.4K
$585.7K – $781.0K
NOI $46,859 @ 7.0% cap · market cap 1,874.36%
Theoretical Best
Office A
$946.5K
$828.2K – $1.10M
NOI $66,253 @ 7.0% cap · market cap 2,650.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,330
Businesses Nearby
52k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Groceries 24%
Dining 24%
Aldi
Groceries
12,600 visits/mo
0.5 miles
Taco Bell
Dining
12,366 visits/mo
0.5 miles
ESL Federal Credit Union
Shops & Services
10,283 visits/mo
0.3 miles
Sunoco
Shops & Services
5,539 visits/mo
0.2 miles
KeyBank
Shops & Services
4,164 visits/mo
0.2 miles
Demographics for 14608, NY
13,177
Population
6,935
Households
1.9
Avg Household Size
33
Median Age
24%
College-Educated
83%
High-School Grad
1.8 sq mi
ZIP Area
7,321
Density / Sq Mi
$39,537
Median Household Income
$36,065
Median Earnings
$898
Median Rent
$180,300
Median Home Value
Market
Vacancy Rate% for Retail in Rochester, NY
Similar Off Market Nearby
- Aden market — 291 dewey ave, rochester, ny 14608
- St Paul Convenience Store — 1004 St Paul St, Rochester, NY 14605
- Ng Meats & Sausage — 840 N Clinton Ave, Rochester, NY 14605
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The former food-market space has a walk-in cooler, shelving, three-phase power and rear parking.
Where is this grocery and convenience store located?
The property is located at 12 Lake Avenue Rochester, NY.
What are key features of this property?
This property features: 3,455‑square‑foot former grocery store; Loading docks and three‑phase electric service; Walk‑in cooler and shelving can remain or be removed
