70 Ridge RdOntario, NY 14519

Property Details for 70 Ridge Rd

Year built

1950

Lot size

0.80 AC

Property size (Sq ft)

7,390 SF

Zone code

SR

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

543400 60117-12-922513

APU

5434006011712922513

Description

This exceptional 3,500-square-foot flex space, located at 70 Ridge Rd in Ontario, NY 14519, presents a unique opportunity for businesses seeking a versatile and adaptable environment. Previously a fire station, this property boasts high ceilings and four large glass overhead/drive-in doors, ideal for various uses including retail, office, service businesses, or contracting. The mostly open floor plan offers ample space for customization, complemented by several existing office/multi-purpose rooms. The property enjoys excellent visibility on busy Ridge Road, offering high traffic exposure and convenient access. Its location near the Webster border provides additional advantages. Enjoy the convenience of Mama Lor's Cafe directly across the street. The property includes 7+ parking spaces in front and additional parking in the rear. This triple-net lease is offered at a competitive rate of $7.50 per square foot per year. Landlord incentives are available for October lease signings. This is a rare opportunity to secure a unique and well-located space, perfect for a variety of business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,479,768

  6.5%

  $1,365,940

  7%

  $1,268,372

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,046,462

  Geo Method

  $1,496,645

• Alternative Use

  Use

  Valuation

  Residential

  $1,365,940

  Hospitality

  $1,251,193

  Educational

  $1,040,978

  Medical

  $1,076,779

  Retail

  $1,619,299

Location Insight

City

Ontario

County

Wayne

State

New York

Latitude

43.2223

Longitude

-77.3748

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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