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    OFF-MARKET
    Shopping centers

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

    24,816 SF 5.45 ac lot Built 1983
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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