M&T Bank Ground
For Sale
Contact for pricing
1400 Miracle Mile Dr, Rochester, NY 14623
Corporate leased M&T Bank with 9+ years remaining.
Property Size2,542 SF
Lot Size1.48 Acres
Price / SF$912.67
Days on Market197
Property Features for 1400 Miracle Mile Dr
General Information
Standard status
Active
Size
2,542 SF
Lot size
1.48 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$145,000
Building Details
Year Built
1983
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Horvath & Tremblay
Listed By:
Matthew Nadler · License #MA 134870
Source:
Crexi
Added: Feb 4
Changed: Aug 14
Last Checked: Aug 19 at 9:24AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
The property is a corporate-leased M&T Bank ground lease located at 1400 Miracle Mile Drive in Rochester, NY. M&T Bank has occupied the property since its construction in 1983 and recently extended their lease more than two years early, demonstrating their commitment to the site and the market. The lease has over nine years remaining with two five-year renewal options. The lease includes 5% rental increases at the start of each renewal option period. The property consists of a 2,542-square-foot building situated on a 1.48-acre parcel. It is located along Miracle Mile Drive, a commercial corridor in Rochester, New York, offering visibility and access within a dense Monroe County retail market. The property is near signalized intersections and in proximity to national retailers, local businesses, service providers, and dining options. Surrounded by residential neighborhoods and nearby employment centers, the site benefits from a customer base. The property provides access to Monroe Avenue (NY Route 31) and Interstate 590, with Interstate 390 and Interstate 490 located nearby, allowing for connectivity throughout the Rochester metropolitan area and the Finger Lakes region.
Key Highlights
- Corporate leased M&T Bank Ground Lease with 9+ years remaining.
- M&T Bank recently extended their lease early, demonstrating commitment.
- Located on Miracle Mile Drive, a well‑established commercial corridor.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
392k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 30%
Apparel 22%
Home Improvements & Furnishings 15%
Shops & Services 12%
Target
Superstores
117,856 visits/mo
0.3 miles
DICK'S Sporting Goods
Apparel
42,737 visits/mo
0.1 miles
Lowe's
Home Improvements & Furnishings
40,853 visits/mo
0.5 miles
Best Buy
Electronics
39,739 visits/mo
0.2 miles
Sportsman's Warehouse
Apparel
26,163 visits/mo
0.0 miles
Demographics for 14623, NY
27,865
Population
9,612
Households
2.9
Avg Household Size
28
Median Age
41%
College-Educated
92%
High-School Grad
19.5 sq mi
ZIP Area
1,429
Density / Sq Mi
$61,088
Median Household Income
$26,411
Median Earnings
$1,221
Median Rent
$167,800
Median Home Value
Market
Vacancy Rate% for Retail in Rochester, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Corporate leased M&T Bank with 9+ years remaining.
Where is this bank located?
The property is located at 1400 Miracle Mile Dr Rochester, NY.
What is the asking price?
The asking price for this property is $2,320,000.
What are key features of this property?
This property features: Corporate leased M&T Bank Ground Lease with 9+ years remaining.; M&T Bank recently extended their lease early, demonstrating commitment.; Located on Miracle Mile Drive, a well‑established commercial corridor.
