Property profile

406-432 Hamlin Clarkson Town Line Rd Hamlin, NY 14464

OFF-MARKET
Shopping centers
24,816 SF 5.45 ac lot Built 1983
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Property summary

AI-generated overview

This exceptional value-add retail investment opportunity presents a 24,816 square foot multi-tenant plaza situated on a 5.45-acre lot at 406-432 Hamlin Clarkson Town Line Rd, Hamlin, NY 14464. The property, built in 1983 and extensively renovated in 2023, boasts six units currently at 65% occupancy. A significant anchor tenant, Dollar Tree, occupies 10,000 square feet. The property consists of one single-story building. This offering includes an attractive adjacent 5.06-acre development parcel, presenting significant upside potential for expansion or future development. The property's prime location in Monroe County, northwest of Rochester, NY, offers excellent visibility and accessibility. The asking price for this multi-tenant retail plaza is $1,590,000. This is a rare opportunity to acquire a well-located, established retail center with significant growth potential. The property's recent renovation ensures modern amenities and long-term value. The substantial lot size and adjacent development parcel provide ample room for expansion or diversification. This investment is ideal for those seeking a strong return on investment in a thriving market.

Property profile

Verified
Property type Shopping centers
Year built 1983
Total area 24,816 SF
Lot 5.45 ac (237,402 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

406-432 Hamlin Clarkson Town Line Rd Hamlin, NY 14464
Hamlin metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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