4617 Lake RdBrockport, NY 14420

Property Details for 4617 Lake Rd

Year built

1974

Lot size

0.50 AC

Property size (Sq ft)

5,068 SF

Zone code

05 - COMMERCIAL

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,276,155

  6.5%

  $1,177,990

  7%

  $1,093,847

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,194,282

  Geo Method

  $803,446

• Alternative Use

  Use

  Valuation

  Residential

  $993,678

  Hospitality

  $910,204

  Educational

  $757,279

  Medical

  $783,323

  Retail

  $1,177,990

Location Insight

City

Brockport

County

Monroe

State

New York

Latitude

43.204

Longitude

-77.9426

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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