Mixed-Use Building with
3530 Route 364 East Lake Road, Canandaigua, NY 14424
For Sale
$315,000
An attached two-bedroom residence adds a residential component to the commercial property.
Property Size1,524 SF
Days on Market51
Property Features for 3530 Route 364 East Lake Road
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
lake views
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Griffith Realty Group
Listed By:
Andrew M. Griffith · License NY #10311200292
(585) 393-1300
Source:
Griffith-realty
Added: Sep 24
Changed: Oct 31
Last Checked: Nov 12 at 2:19PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines a commercial building with an attached two-bedroom apartment. The building dates to 1950, and views of Canandaigua Lake are a property feature.
The property is near Canandaigua Lake in Canandaigua Town, New York.
The property is near Canandaigua Lake in Canandaigua Town, New York.
Key Highlights
- Attached 2‑bedroom apartment
- Views of Canandaigua Lake
- Built in 1950
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,047
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,940
$480.9K
Cap Rate 7%
$343,529
$343.5K
Cap Rate 9%
$267,189
$267.2K
Market Conditions
NOI Build-Up for 1,524 SF
Gross rent
$32.9K $21.60/SF
− Vacancy
−$856 −$0.56/SF
EGI
$32.1K $21.04/SF
− OpEx
−$8.0K −$5.26/SF
NOI
$24.0K $15.78/SF
Area
Ontario County, NY
Vacancy
2.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,940
Cap Rate 7%
$343,529
Cap Rate 9%
$267,189
Alternative Uses
Best Use
Specialty Retail
$343.5K
$300.6K – $400.8K
NOI $24,047 @ 7.0% cap · market cap 7.63%
Second Best
Mixed Use
$220.4K
$192.9K – $257.2K
NOI $15,431 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$456.2K
$399.1K – $532.2K
NOI $31,931 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
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 Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An attached two-bedroom residence adds a residential component to the commercial property.
Where is this mixed-use property located?
The property is located at 3530 Route 364 East Lake Road Canandaigua, NY.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Attached 2‑bedroom apartment; Views of Canandaigua Lake; Built in 1950
