559 E Ridge Rd, Irondequoit, NY 14621

Building Details

Building Size 3,740 SF More

Year Built 1959 More

Stories 1 More

Units 1 More

Listing Agency: RE/MAX Plus

Listed By: John Antetomaso · License NY 49AN1151017 Show Phone

Source: Elliman

Added: Mar 11 Changed: Aug 8 Last Checked: Aug 25 at 9:53AM

Report an Issue

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 RE/MAX Plus

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This is a rare opportunity to purchase a long-standing restaurant, a Rochester staple. The free-standing restaurant has ample parking and is located along the East Ridge Road Commercial District. The sale includes the land, building, furnishings, and fixtures. The 1.26-acre site consists of three parcels. Signage on the building and a free-standing sign are available for business use. The ice machine and any Schaller-related signage are not included in the sale. This property is suitable for conventional restaurants and other commercial real estate ventures.

Key Highlights

• 1.26 acre site with 3 parcels
• Free standing restaurant in East Ridge Road commercial district
• Land, building, furnishings, and fixtures included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,347

Cap Rate

8.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,086,940 $1.1M

Cap Rate 7%

$776,386 $776.4K

Cap Rate 9%

$603,856 $603.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,740 SF

Gross rent

$80.8K $21.60/SF

− Vacancy

−$8.3K −$2.22/SF

EGI

$72.5K $19.38/SF

− OpEx

−$18.1K −$4.84/SF

NOI

$54.3K $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%

$1,086,940

Cap Rate 7%

$776,386

Cap Rate 9%

$603,856

Alternative Uses

Best Use

Specialty Retail

$776.4K

$679.3K – $905.8K (±1% cap)

NOI $54,347 @ 7.0% cap · market cap 8.36%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.02M

$896.5K – $1.20M (±1% cap)

NOI $71,718 @ 7.0% cap · market cap 11.04%

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

Schaller's Ridge Road Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply HVAC Service Spa & Massage Center Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

961

Businesses Nearby

209k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Superstores 40% Shops & Services 34% Dining 23% Electronics 2%

Walmart Superstores

83,771 visits/mo 0.3 miles

Delta Sonic Car Wash Shops & Services

43,619 visits/mo 0.1 miles

McDonald's Dining

28,194 visits/mo 0.2 miles

ESL Federal Credit Union Shops & Services

9,876 visits/mo 0.1 miles

Family Dollar Shops & Services

8,557 visits/mo 0.3 miles

Demographics for 14621, NY

32,891

Population

15,013

Households

2.2

Avg Household Size

35

Median Age

12%

College-Educated

76%

High-School Grad

4.1 sq mi

ZIP Area

8,022

Density / Sq Mi

$36,534

Median Household Income

$31,704

Median Earnings

$989

Median Rent

$83,300

Median Home Value

Market

Average Price Trend$/SF for Conventional restaurants in Monroe County, NY

$116 Jul

$123 Aug

$125 Sep

$144 Oct

Properties on Market for Conventional restaurants in Monroe County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

See more

7-Eleven Fuel and Convenience Site

1581 Titus Ave, Irondequoit, NY 14622

$1,520,738

2,856 SF

View details

Freestanding Pad Site with Bank Tenant

2255 Hudson Avenue, Irondequoit, NY 14617

$775,000

View details

Retail Space with Ample Parking

4348 Culver Road, Irondequoit, NY 14622

Contact for pricing

2,000 SF

View details

Two-Tenant Storefront Property

657-659 Titus Avenue, Irondequoit, NY 14617

Contact for pricing

2,365 SF

View details

Two-Room Office Suites

1151 Titus Avenue, Irondequoit, NY 14617

Contact for pricing

7,350 SF

View details

Office Unit with Shared Amenities

590 Titus Avenue, Irondequoit, NY 14617

Contact for pricing

View details

Similar Off Market Nearby

• A Little Less Merchandise — 1415 N Clinton Ave, Rochester, NY 14621

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Restaurant for sale on 1.26 acres in Rochester.

Where is this conventional restaurant located?

The property is located at 559 E Ridge Rd Irondequoit, NY.

What is the asking price?

The asking price for this property is $649,900.

What are key features of this property?

This property features: 1.26 acre site with 3 parcels; Free standing restaurant in East Ridge Road commercial district; Land, building, furnishings, and fixtures included