Freestanding Corner Retail
For Sale
$595,000
Pending
330 South Main St, Canandaigua, NY 14424
Freestanding 4,000 SF retail building on a prominent corner lot, with a vacant parcel to the south included.
Property Size4,000 SF
Days on Market60
Property Features for 330 South Main St
General Information
Standard status
Pending
Size
4,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,385
Building Details
Building Size
4,000 SF
Year Built
1980
Stories
1
Listing Agency:
Griffith Realty Group
(585) 393-1300
Listed By:
Andrew M. Griffith
(585) 393-1300
Source:
Elliman
Added: Jun 17
Changed: Aug 14
Last Checked: Aug 14 at 7:59AM
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 Griffith Realty Group
Investment Insights
Based on property information with market context.
This freestanding retail building is positioned on a prominent corner lot and includes approximately 4,000 square feet of space. The offering is described as versatile, suited for a variety of commercial formats including retail, office, or mixed-use applications. The property is currently vacant, and a vacant parcel to the south is included as part of the sale and may allow for additional parking opportunities.
The site is located at 330 South Main St in Canandaigua, New York, with emphasis in the remarks on high visibility and traffic counts. The property is described as being near the central business district and Canandaigua Lake, and the remarks note convenient accessibility. For planning and zoning questions, the City of Canandaigua Planning and Zoning Department is referenced at 585/337-2179.
The site is located at 330 South Main St in Canandaigua, New York, with emphasis in the remarks on high visibility and traffic counts. The property is described as being near the central business district and Canandaigua Lake, and the remarks note convenient accessibility. For planning and zoning questions, the City of Canandaigua Planning and Zoning Department is referenced at 585/337-2179.
Key Highlights
- Freestanding 4,000 SF retail building on a prominent corner lot
- Vacant parcel to the south is included, potentially adding parking options
- Versatile space suitable for commercial, retail, office, or mixed‑use opportunities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,708
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,034,160
$1.0M
Cap Rate 7%
$738,686
$738.7K
Cap Rate 9%
$574,533
$574.5K
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$75.8K $18.96/SF
− Vacancy
−$2.0K −$0.49/SF
EGI
$73.9K $18.47/SF
− OpEx
−$22.2K −$5.54/SF
NOI
$51.7K $12.93/SF
Area
Ontario County, NY
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,034,160
Cap Rate 7%
$738,686
Cap Rate 9%
$574,533
Alternative Uses
Best Use
Retail
$738.7K
$646.4K – $861.8K
NOI $51,708 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,808 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,124
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14424, NY
28,353
Population
14,482
Households
2
Avg Household Size
48
Median Age
41%
College-Educated
94%
High-School Grad
129.5 sq mi
ZIP Area
219
Density / Sq Mi
$79,135
Median Household Income
$45,885
Median Earnings
$1,228
Median Rent
$250,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- In Bloom Florals, LLC — 87 S Main St, Canandaigua, NY 14424
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding 4,000 SF retail building on a prominent corner lot, with a vacant parcel to the south included.
Where is this storefront property located?
The property is located at 330 South Main St Canandaigua, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Freestanding 4,000 SF retail building on a prominent corner lot; Vacant parcel to the south is included, potentially adding parking options; Versatile space suitable for commercial, retail, office, or mixed‑use opportunities
