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    525 Marketplace Dr Rochester, NY 14623

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    For Lease
    Contact for pricing

    75,800 SF Retail Space - For Sale/Lease

    Lot size:
    75,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 75,800 square foot property, formerly the Regal Henrietta Movie Theater, presents a unique redevelopment opportunity in a prime Rochester, NY location. Built in 1997, this single-story building sits on an expansive 11.92-acre lot, offering significant potential for various retail, mixed-use, or hospitality ventures. The property boasts excellent visibility and ample parking, situated within the thriving Henrietta retail corridor. Its strategic location borders Jay Scutti Plaza to the east and is in close proximity to major retailers such as Wegmans, HomeGoods, Walmart Superstore, and Target. Furthermore, its less than one-mile distance from Marketplace Mall and the University of Rochester's new 330,000 square foot Orthopedics & Physical Performance Center (opening in 2023) ensures high traffic and visibility. The entire 75,800 square feet is currently vacant, providing a blank canvas for a creative and impactful development. This Monroe County property offers a rare chance to capitalize on a high-demand location with significant upside potential. The single-tenant building presents a streamlined approach to redevelopment, minimizing complexities and maximizing efficiency. This is an exceptional opportunity for investors and developers seeking a high-impact project in a rapidly growing area.

    Property Features for 525 Marketplace Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    75,800 SF

    Building Details

    Year Built
    1997
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    75,800 SF

    HighLights

    • Excellent redevelopment opportunity for a former movie theater with multiple potential uses.
    • Prime Henrietta retail location adjacent to Jay Scutti Plaza, near Wegmans, HomeGoods, Walmart, and Target.
    • Less than one mile from Marketplace Mall and the University of Rochester's new Orthopedics & Physical Performance Center.
    • High visibility, excellent signage, and ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.626021
    Latitude
    43.0832797

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    FAQs

    What type of property is this?
    Retail property - 75,800 SF Retail Space - For Sale/Lease
    Where is this retail property located?
    The property is located at 525 Marketplace Dr Rochester, NY.
    What are key features of this property?
    This property features: Excellent redevelopment opportunity for a former movie theater with multiple potential uses.; Prime Henrietta retail location adjacent to Jay Scutti Plaza, near Wegmans, HomeGoods, Walmart, and Target.; Less than one mile from Marketplace Mall and the University of Rochester's new Orthopedics & Physical Performance Center.
    Request Owner's contact information
    525 Marketplace Dr Rochester, NY 14623
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    Rochester, NY 14623
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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
    525 Marketplace Dr Rochester, NY 14623
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