5390 Lake Rd Conesus, NY 14435
- Investment properties
- 3,056 SF
- 0.55 lot acres
Current Use by Public Records
- Investment properties
Property Details for 5390 Lake Rd
- Year built
- 1936
- Lot size
- 0.55 lot acres
- Property size
- 3,056 SF
- Zone code
- 02 - SINGLE RESIDENCE
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 242689 100.43-1-20
- APU
- 24268910043120
Description
This exceptional 3,056 square foot commercial property, situated on a 0.55-acre lot at 5390 W Lake Rd in Conesus, NY, presents a unique investment opportunity. The building is ideally suited for a variety of food-related businesses, such as a specialty meats store, deli, sub shop, or bakery, given its existing infrastructure and layout. The spacious layout offers ample room for both front-of-house operations and back-of-house preparation areas. A significant advantage is the inclusion of a fully functional apartment on the upper level, perfect for owner-occupancy or generating additional rental income. The property has already undergone substantial improvements, completing Phases 1 and 2 of a planned development. Further enhancing its appeal are the installed permanent generator, ensuring uninterrupted operations during power outages, and a comprehensive security system, providing peace of mind. This turnkey operation is ready for immediate occupancy and offers significant potential for growth and profitability in a desirable location. The property's strategic location on W Lake Road ensures high visibility and accessibility, attracting a steady stream of customers. This is a rare opportunity to acquire a well-maintained, versatile commercial property with significant upside potential. The combination of commercial space and residential living makes this an attractive option for both business owners and investors seeking a strong return on investment. Don't miss this chance to own a piece of Conesus' vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $235,000
- 7%
- $255,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $230,000
- Retail
- $225,000
- Mixed-Use
- $210,000
- Hospitality
- $265,000
- Educational
- $255,000
- Residential Income
- $195,000
- Energy
- $265,000
- Income-Based Land
- $210,000
- Food Service
- $265,000
Location Insight
- Map
- Local Demand
- City
- Conesus
- County
- Livingston
- State
- New York
- Longitude
- -77.7282
- Latitude
- 42.7555
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
