3042 Ridge RdGreece, NY 14626

Property Details for 3042 Ridge Rd

Year built

1983

Lot size

8.59 AC

Property size (Sq ft)

76,560 SF

Zone code

05 - COMMERCIAL

Property type

Retail properties

Property subtype

Community centers

APN

262800 074.01-1-4.1

APU

26280007401141

Description

This exceptional 75,560 square foot retail strip center, situated on an 8.59-acre lot at 3042 W Ridge Rd in Rochester, NY 14626, presents a unique investment opportunity. The property, built in 1983, features a single, one-story building divided into four suites. Currently, a significant 20,000 square feet of contiguous space is available for lease, offering considerable flexibility for a variety of retail uses. The center enjoys a highly desirable location within the Greece submarket of Rochester, strategically positioned between Lowe's Plaza and Ridgemont Plaza along the bustling West Ridge Road commercial corridor. This prime location ensures high visibility and accessibility, complemented by ample parking for customers and employees. The property's prominent signage opportunities further enhance its appeal to potential tenants. With its established presence and significant available space, this retail center offers a compelling opportunity for businesses seeking a strong foothold in a thriving commercial area. The property is located in Monroe County and easily accessible from Flower Dale Dr.

• CAP approach

  CAP return

  Valuation

  6%

  $18,173,842

  6.5%

  $16,775,854

  7%

  $15,577,579

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,625,844

  Geo Method

  $12,137,302

• Alternative Use

  Use

  Valuation

  Residential

  $14,151,060

  Hospitality

  $12,962,295

  Educational

  $10,784,477

  Medical

  $11,155,372

  Retail

  $16,775,854

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.2124

Longitude

-77.7107

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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