4450-4470 Lake Ave Rochester, NY 14612
- Lifestyle centers
- 17,110 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 4450-4470 Lake Ave
- Year built
- 1950
- Property size
- 17,110 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This 17,110 square foot, single-story shopping center presents a compelling value-add investment opportunity in Rochester, NY. Located at 4450-4470 Lake Ave, in the Harbortown Village District, this Class B property boasts high visibility at a signalized intersection. Built in 1950 and renovated in 2003, the center comprises one building with seven units, currently 60% occupied. Five tenants are currently in place, including a hair salon, pizza shop, vape shop, liquor store, and Chinese restaurant. An end-cap space, previously partially built out as a fitness studio, is currently vacant. The property offers a multi-tenant configuration with a remaining lease term of zero years, providing immediate potential for increased occupancy and rental income. The zoning designation is Harbortown Village District. This property is an excellent opportunity for investors seeking to capitalize on a strong location and add value through lease-up and potential renovations. The net rentable square footage is 17,110 square feet.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.6133
- Latitude
- 43.2518
