Freestanding Restaurant
368 Jefferson Road, Rochester, NY 14623
For Sale
New
$895,000
Kitchen equipment, dining furniture, a walk-in cooler and freezer can remain with the property.
Property Size5,043 SF
Lot Size1.00 Acre
Price / SF$177.47
Days on Market2
Property Features for 368 Jefferson Road
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Additional Details
Commercial Hood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Howard Hanna
Listed By:
Richard L. Leasure · License #30LE1170357
(585) 729-2500
Source:
Geracerealty
Added: Nov 8
Last Checked: Nov 9 at 2:59AM
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 Howard Hanna
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Investment Insights
Based on property information with market context.
This freestanding brick restaurant building contains 5,043 square feet on a 1-acre site. The 85-car parking area and site access support customer visits, while the interior includes restaurant equipment such as a hood, walk-in cooler, freezer, tables and chairs. A new furnace and central air are in place. If the next use is not a restaurant, the owners can remove the equipment.
The property is at 368 Jefferson Road in Rochester, across from Southtown Plaza and near RIT. The building dates to 1970 and is zoned commercial.
The property is at 368 Jefferson Road in Rochester, across from Southtown Plaza and near RIT. The building dates to 1970 and is zoned commercial.
Key Highlights
- 5,043‑square‑foot freestanding brick restaurant building
- 1‑acre site with an 85‑car parking lot
- Restaurant equipment includes a hood, walk‑in cooler and freezer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,282
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,465,640
$1.5M
Cap Rate 7%
$1,046,886
$1.0M
Cap Rate 9%
$814,244
$814.2K
Market Conditions
NOI Build-Up for 5,043 SF
Gross rent
$108.9K $21.60/SF
− Vacancy
−$11.2K −$2.22/SF
EGI
$97.7K $19.38/SF
− OpEx
−$24.4K −$4.84/SF
NOI
$73.3K $14.53/SF
Area
Rochester, NY
Vacancy
10.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,465,640
Cap Rate 7%
$1,046,886
Cap Rate 9%
$814,244
Alternative Uses
Best Use
Specialty Retail
$1.05M
$916.0K – $1.22M
NOI $73,282 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,705 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
299k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Apparel 32%
Dining 19%
Home Improvements & Furnishings 6%
Kohl's
Apparel
59,845 visits/mo
0.5 miles
Delta Sonic Car Wash
Shops & Services
39,521 visits/mo
0.5 miles
Price Rite
Groceries
16,430 visits/mo
0.3 miles
Goodwill
Apparel
14,627 visits/mo
0.0 miles
Jo-Ann Fabric and Craft
Shops & Services
14,152 visits/mo
0.3 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
$167,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Rochester, NY
Properties on Market for Conventional restaurants in Rochester
Vacancy Rate% for Retail in Rochester, NY
Similar Off Market Nearby
- China Buffet — 3333 W Henrietta Rd, Rochester, NY 14623
- Tandoor of India Henrietta NY — 376 Jefferson Rd, Rochester, NY 14623
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Kitchen equipment, dining furniture, a walk-in cooler and freezer can remain with the property.
Where is this conventional restaurant located?
The property is located at 368 Jefferson Road Rochester, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 5,043‑square‑foot freestanding brick restaurant building; 1‑acre site with an 85‑car parking lot; Restaurant equipment includes a hood, walk‑in cooler and freezer
