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    1520 Spencerport Rd Gates, NY 14606

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    For Sale
    $1,300,000

    Cash-flowing commercial building with triple net leases and new roof.

    Lot size:
    1.30 Acres

    Property Features for 1520 Spencerport Rd

    General Information

    Lot size
    1.30 Acres

    Building Details

    Year built
    1960

    Source: Howard Hanna Agent James Hinman

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

    Overview

    Commercial Building with Established Tenants

    This commercial building presents an opportunity for generating income. It features triple net leases, designed to minimize owner involvement, allowing for the collection of rents upon purchase. The property is currently occupied by well-known, long-standing tenants. The rents are current, and the building benefits from a new roof.
    Insight Report Location Intelligence

    Current Use by Public Records

    Gates Big M Grocery Store LibertyX Bitcoin ATM Atm Coupon Express Inc Marketing Agency battery Gym Western Union Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gates
    County
    Monroe
    State
    New York
    Longitude
    -77.7312609
    Latitude
    43.1754496

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    FAQs

    What type of property is this?
    Storefront property - Cash-flowing commercial building with triple net leases and new roof.
    Where is this storefront property located?
    The property is located at 1520 Spencerport Rd Gates, NY.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Cash flowing commercial building with longstanding, well-known tenants.; - Triple net leases in place for minimal owner involvement.; - Rents are current.
    (585) 352-8833
    Request Owner's contact information
    1520 Spencerport Rd Gates, NY 14606
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    Gates, NY 14606
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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
    1520 Spencerport Rd Gates, NY 14606
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