730 Elmgrove RdGates, NY 14624

Property Details for 730 Elmgrove Rd

Year built

1975

Lot size

1.13 AC

Property size (Sq ft)

8,040 SF

Zone code

05 - COMMERCIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

262600 103.19-1-4.11

APU

262600103191411

Description

This exceptional investment opportunity presents a fully remodeled, turnkey restaurant and bar spanning over 11,790 square feet. Strategically located on Elmgrove Road in Gates, NY, this property boasts 200 feet of high-traffic road frontage, ensuring excellent visibility and accessibility. Situated next to a newer strip plaza, the building benefits from a strong commercial environment. The property includes a newly remodeled dining area with seating for approximately 24 patrons, and a bar area featuring an outdoor patio with additional seating for roughly 24 guests. A dedicated banquet room is also available for private events. The extensive parking lot accommodates approximately 70 vehicles. The building sits on a 1.13-acre lot. Significant recent improvements include a complete roof tear-off approximately seven years ago, and three out of four HVAC units have been replaced within the last seven years. The property also includes three coolers, two located upstairs and one downstairs, within one of the two basements. This is a rare opportunity to acquire a well-maintained, high-potential commercial property in a prime location. The combination of its size, recent renovations, and excellent location makes this a truly compelling investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,908,538

  6.5%

  $1,761,728

  7%

  $1,635,890

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,850,990

  Geo Method

  $1,274,607

• Alternative Use

  Use

  Valuation

  Residential

  $1,486,083

  Hospitality

  $1,361,244

  Educational

  $1,132,539

  Medical

  $1,171,489

  Retail

  $1,761,728

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1633

Longitude

-77.7318

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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