Property summary
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
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store Specialty Food Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
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