Freestanding Restaurant With
For Sale
$649,900
559 E Ridge Rd, Rochester, NY 14621
Free-standing restaurant property offered with furnishings, fixtures, and three parcels for an operator-ready setup.
Property Size3,740 SF
Lot Size1.26 Acres
Price / SF$173.77
Days on Market265
Property Features for 559 E Ridge Rd
General Information
Standard status
Active
Size
3,740 SF
Lot size
1.26 Acres
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$21,791
Listing Agency:
RE/MAX Plus
(585) 787-8888
Listed By:
John Antetomaso · License #49AN1151017
(585) 787-8888
Source:
Exprealty
Added: Nov 17, 2025
Changed: Aug 8
Last Checked: Aug 8 at 7:31AM
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
Investment Insights
Based on property information with market context.
This is a freestanding restaurant property offered for sale with the land, building, and all furnishings and fixtures included. The purchase includes three parcels that together make up the 1.26-acre site. A free-standing sign and building signage are available for use with the property.
The property is located along the East Ridge Road commercial district and offers plenty of on-site parking, supporting both dine-in and drive-up customer convenience.
For buyers or operators seeking an existing restaurant platform, the inclusion of the furnishings and fixtures can reduce the time needed to prepare for use. The ice machine and any Schaller-related signage are specifically excluded, while other signage options are available to support branding for a new business.
The property is located along the East Ridge Road commercial district and offers plenty of on-site parking, supporting both dine-in and drive-up customer convenience.
For buyers or operators seeking an existing restaurant platform, the inclusion of the furnishings and fixtures can reduce the time needed to prepare for use. The ice machine and any Schaller-related signage are specifically excluded, while other signage options are available to support branding for a new business.
Key Highlights
- Free‑standing restaurant property in the East Ridge Road commercial district
- Offered with furnishings and fixtures that can stay with the property
- Includes land and building, plus 3 parcels making up the 1.26‑acre site
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
$54,347
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
8.36%
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%
$1,086,940
$1.1M
Cap Rate 7%
$776,386
$776.4K
Cap Rate 9%
$603,856
$603.9K
Market Conditions
NOI Build-Up for 3,740 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
$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 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%
$1,086,940
Cap Rate 7%
$776,386
Cap Rate 9%
$603,856
Alternative Uses
Best Use
Specialty Retail
$776.4K
$679.3K – $905.8K
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
NOI $71,718 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
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
Vacancy Rate% for Retail in Rochester, NY
Questions? Ask Rey
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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 - Free-standing restaurant property offered with furnishings, fixtures, and three parcels for an operator-ready setup.
Where is this conventional restaurant located?
The property is located at 559 E Ridge Rd Rochester, 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: Free‑standing restaurant property in the East Ridge Road commercial district; Offered with furnishings and fixtures that can stay with the property; Includes land and building, plus 3 parcels making up the 1.26‑acre site
