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    OFF-MARKET
    Power centers

    200 Elmridge Center Dr, Rochester, NY 14626

    443,146 SF Built 1980
    Property ID
    Property summary
    AI-generated overview

    Elm Ridge Shopping Center, located in Greece, NY, offers a diverse range of retail spaces for lease. This 443,146 square foot power center, built in 1980, features a single-story building with multiple tenancy options. Available spaces include up to 131,000 square feet in sub-divisible big box spaces, with a 40,000 square foot big box space offering 10,000+ square foot units for qualified tenants. Smaller inline spaces ranging from 1,300 to 20,850 square feet and endcap spaces are also available. The large big box spaces boast a 19' 10" ceiling height, loading docks, and are ideal for warehouse, last-mile distribution, or flex space uses. These spaces will be renovated to raw/warehouse condition with new roofs before lease commencement. The center benefits from a prime location within Greece's main retail corridor, near major retailers such as Lowe's, Target, Wegmans, and more. The property enjoys high visibility on a six-lane road with two signalized intersections, dedicated turning lanes, and multiple access points. Recent upgrades include complete asphalt replacement, a state-of-the-art digital pylon sign, new exterior finishes and paint, sidewalk repairs, upgraded exterior lighting, and landscaping improvements. The center already boasts new anchor tenants, including a medical manufacturing and sourcing company and a national cheer and athletic performance center, along with recently opened discount retailers, hair salons, nail salons, and food and beverage establishments. The landlord is open to a variety of concepts and flexible on lease terms. Daycare, additional food and beverage options, and professional services are all viable uses.

    Property profile
    Verified
    Property type Power centers
    Year built 1980
    Total area 443,146 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Drip Ice Cream Shop Grocery & Convenience Store Specialty Food Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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