3228 Chili AveRochester, NY 14624

  • Retail properties
  • 3,300 SF
For Lease

Property Details for 3228 Chili Ave

Year built
1975
Lot size
0.77 AC
Property size (Sq ft)
3,300 SF
Zone code
05 - COMMERCIAL
Property type
Retail properties
Property subtype
Banks
APN
262200 146.09-2-4.3
APU
26220014609243

Description

Two Fronts Plaza at Chili and Paul Avenue in Rochester, NY, offers exceptional office space in a vibrant retail center. This Class A property, totaling 137,381 square feet, underwent renovations in 2023 and features five single-story buildings. Currently, multiple spaces are available, ranging from 1,500 to 2,580 square feet, ideal for various business types including traditional office, coworking, medical office, and creative office uses. The plaza boasts a strong tenant mix of national and regional businesses such as Sherwin-Williams, AutoZone, Key Bank, and more, ensuring high visibility and foot traffic. Located on a main retail corridor in Chili, a Rochester suburb, the property benefits from excellent demographics and convenient access to I-490. Nearby shadow anchors like Wegmans, Aldi, and Target further enhance the location's appeal. This thriving commercial hub presents a unique opportunity for businesses seeking a well-established and easily accessible location within the Rochester metropolitan area. Lease terms, including length and tenant improvement allowances, are negotiable. The property's diverse tenant base creates a compatible environment for a wide range of businesses. This is a rare opportunity to secure space in a highly sought-after location.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $783,355
    6.5%
    $723,097
    7%
    $671,447
  • Comparable approach

    Method
    Valuation
    Relative Method
    $759,735
    Geo Method
    $523,160
  • Alternative Use

    Use
    Valuation
    Residential
    $609,960
    Hospitality
    $558,720
    Educational
    $464,848
    Medical
    $480,835
    Retail
    $723,097
3228 Chili Ave, Rochester, New York
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Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.1043
Longitude
-77.7529
CBSA code
40380
CBSA name
ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$162,100
$411,500
$573,600
-
$202,625
$514,375
$717,000

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