Property summary
This exceptional mixed-use development opportunity in Rochester, NY, presents a high-exposure location at the I-390 and Ridgeway Ave interchange. The property boasts 3.2 to 10.86 acres of land, featuring four buildings totaling 3,200 to 54,000 square feet, constructed in 2020. Currently vacant, this Class A property offers a multi-tenant setup with potential for bank, restaurant, and medical office uses. The site benefits from a NNN lease type and allows for rent bumps. Situated near Unity Hospital and the Greater Rochester International Airport, it enjoys exceptional visibility with a daily traffic count of 93,096 vehicles on I-390. The property is adjacent to the University of Rochester Medicine's Wilmot Cancer facility and fronts one million square feet of white-collar office space, including major employers like IBM, Johnson & Johnson, and Unity Health. Across I-390 lies five million square feet of industrial and high-tech space, further enhancing the site's strategic value. A proposed 54,000 square foot, two-story medical building is planned, designed for tenant specifications and ADA accessibility. A 124-room Woodspring Hotel is under construction, slated to open in late 2022 or early 2023, adding to the site's appeal. This is a value-add investment with a high exposure development opportunity. The property is also near an announced 200,000 square foot Amazon fulfillment center.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
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