6007 Lake RdSodus, NY 14551

Property Details for 6007 Lake Rd

Year built

1950

Lot size

15.33 AC

Property size (Sq ft)

9,889 SF

Zone code

A

Property type

Retail properties

Property subtype

Turn key restaurants

APN

544289 68119-00-312313

APU

5442896811900312313

Description

This exceptional commercial property, located at 6007 Lake Rd in Sodus, NY, presents a unique investment or owner-user opportunity. The former Cinelli's restaurant, a beloved local establishment, boasts 9,889 square feet of space spread across two buildings and three stories, built in 1950 and renovated in 2008. Situated on a sprawling 15.35-acre lot, this property offers significant potential for redevelopment or repurposing. The property is zoned R and includes three units, one of which is currently leased month-to-month, generating immediate rental income. The asking price is $499,900, translating to $50.55 per square foot. The property is available for occupancy on September 3, 2024. While the current Net Operating Income (NOI) is $0, the expansive grounds and prime location in Sodus, Wayne County (zip code 14551) offer substantial upside for a variety of commercial ventures. The seller is open to considering lease options for qualified tenants with a vision for the property's future. This is a rare chance to acquire a significant waterfront property with substantial development potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,347,454

  6.5%

  $2,166,881

  7%

  $2,012,104

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,276,672

  Geo Method

  $3,256,084

• Alternative Use

  Use

  Valuation

  Residential

  $1,827,845

  Hospitality

  $1,674,296

  Educational

  $1,392,995

  Medical

  $1,440,902

  Retail

  $2,166,881

Location Insight

City

Sodus

County

Wayne

State

New York

Latitude

43.2737

Longitude

-77.0981

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.