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    1600 Penfield Rd Rochester, NY 14625

    Sponsored
    For Sale
    Contact for pricing

    Prime Commercial Lot, Shovel-Ready, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 0.68-acre commercial land parcel in Rochester, New York, presents a unique investment opportunity. Located at 1600 Penfield Road in Monroe County (zip code 14625), this shovel-ready lot boasts excellent visibility from both directions of the road. Its strategic location is directly across from a major grocery-anchored shopping center, ensuring high traffic and strong potential for business growth. Pre-existing plans for a 4,000 square foot office building are available, streamlining the development process and reducing upfront planning costs. The property's size and prime location make it ideal for a variety of commercial ventures. The sale price is subject to offer, making this an attractive opportunity for developers and investors seeking a high-impact commercial investment in a thriving Rochester neighborhood. The latitude and longitude coordinates are 43.1353866 and -77.4957838 respectively. This is a truly exceptional opportunity to acquire a highly visible and conveniently located commercial lot ready for immediate development.

    Property Features for 1600 Penfield Rd

    General Information

    Property type
    Land
    Lot Size
    29,621 SF

    HighLights

    • Shovel‑ready lot, ready for immediate development.
    • High visibility from two major roadways.
    • Excellent location directly across from a major grocery‑anchored shopping center.
    • Price: Offers considered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.4957838
    Latitude
    43.1353866

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, Shovel-Ready, High Visibility
    Where is this land located?
    The property is located at 1600 Penfield Rd Rochester, NY.
    What are key features of this property?
    This property features: Shovel-ready lot, ready for immediate development.; High visibility from two major roadways.; Excellent location directly across from a major grocery-anchored shopping center.
    (716) 998-2943
    Request Owner's contact information
    1600 Penfield Rd Rochester, NY 14625
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    Rochester, NY 14625
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 Penfield Rd Rochester, NY 14625
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