4617 Lake Rd Brockport, NY 14420
- Banks
- 5,068 SF
- 0.50 lot acres
Current Use by Public Records
- Christian Center Church / Church
Property Details for 4617 Lake Rd
- Year built
- 1974
- Lot size
- 0.50 lot acres
- Property size
- 5,068 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Banks
- APN
- 265289 083.08-2-6
- APU
- 2652890830826
Description
This exceptional 5,714 square foot retail property, located at 4617 Lake Road N in Brockport, NY 14420, presents a unique investment opportunity. The building, constructed in 1988, features a two-story cobblestone structure and a single-story brick structure situated on a 0.81-acre lot. Currently available for lease, the property boasts ample parking and a significant advantage: two drive-thru lanes. The existing tenant is on a month-to-month lease, allowing for immediate occupancy for a qualified tenant seeking a long-term commitment. The property's strategic location within a mile of SUNY Brockport and a Wegmans, and less than a quarter mile from other major retailers like TJ Maxx, Big Lots, and Tractor Supply Co., ensures high visibility and foot traffic. The building's former use as a bank branch further enhances its appeal. The landlord is open to considering a ground lease for creditworthy tenants. This property is situated in a college town that recently legalized cannabis sales and consumption, presenting additional market potential. The property offers 5,700 square feet of vacant space within the total 5,714 square foot building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $350,000
- 6.5%
- $335,000
- 7%
- $390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $315,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $305,000
- Mixed-Use
- $350,000
- Hospitality
- $320,000
- Educational
- $415,000
- Residential Income
- $415,000
- Energy
- $315,000
- Income-Based Land
- $405,000
- Food Service
- $355,000
Location Insight
- Map
- Local Demand
- City
- Brockport
- County
- Monroe
- State
- New York
- Longitude
- -77.9426
- Latitude
- 43.204
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA