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    2450 Ridge Rd Rochester, NY 14626

    Sponsored
    For Sale
    $1,700,000

    Mixed-use building, high occupancy, strong location.

    Property size:
    22,624 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 2450 West Ridge Road in Rochester, NY, presents a compelling investment opportunity. The 22,624 square foot building, situated on a 2.1-acre lot, is currently 82.4% occupied and boasts a Class B designation. The three-story structure offers a diverse tenant mix, including professional office, medical office, and service/retail spaces. Its prime location in the West Ridge Road corridor, directly across from the 1.6 million square foot Mall at Greece Ridge, ensures high visibility and accessibility. The asking price is $1,700,000, translating to $75.14 per square foot. This property provides immediate cash flow with significant upside potential for future growth. Investors will appreciate the existing tenant base and the opportunity for redevelopment on this sizable parcel in a high-traffic retail area. The property's versatility and strategic location make it an ideal investment for those seeking a strong return on investment in a thriving market. The property consists of one building and is located in Monroe County, NY, zip code 14626.

    Property Features for 2450 Ridge Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    22,624 SF
    Class
    B
    Lot Size
    91,476 SF

    Building Details

    Buildings
    1
    Stories
    3

    HighLights

    • 22,624 square feet of rentable space.
    • 2.1‑acre land parcel.
    • 82.4% occupancy rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Padgett Business Services Accountant Edward J. Leichtner Family Law Attorney Kenneth Gallant Attorney Bankruptcy Attorney Michelle L Sexstone ... Real Estate Agent Sterling Sharon PHD Psychologist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing 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
    -77.693303
    Latitude
    43.2100672

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    FAQs

    What type of property is this?
    Individual retail property - Mixed-use building, high occupancy, strong location.
    Where is this individual retail property located?
    The property is located at 2450 Ridge Rd Rochester, NY.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 22,624 square feet of rentable space.; 2.1-acre land parcel.; 82.4% occupancy rate.
    Request Owner's contact information
    2450 Ridge Rd Rochester, NY 14626
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    Rochester, NY 14626
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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
    2450 Ridge Rd Rochester, NY 14626
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