525 Titus AveIrondequoit, NY 14617

Property Details for 525 Titus Ave

Year built

1980

Lot size

20.30 AC

Property size (Sq ft)

264 SF

Zone code

05 - COMMERCIAL

Property type

Retail properties

Property subtype

Strip malls

APN

263400 076.14-5-10./A

APU

26340007614510A

Description

Irondequoit Plaza, a thriving 204,934 square foot community center, presents a unique investment opportunity. This multi-tenant property, built in 1984 and situated on a generous 60.9-acre lot, boasts a prominent location at the corner of Hudson Avenue and Titus Avenue, just north of East Ridge Road in Irondequoit, NY. The center is anchored by a Wegmans grocery store, and features a diverse mix of 22 national and local tenants. Currently, there are 11,450 square feet of vacant space available, divisible into units as small as 1,425 square feet, with a maximum contiguous space of 5,143 square feet. Three spaces are currently available, ranging from 3,200 to 4,500 square feet. The property benefits from excellent visibility and accessibility, featuring a dedicated turn lane, pylon signage, and a signalized intersection. Its strategic location is further enhanced by proximity to the new $13 million I-Square mixed-use project (a quarter-mile east) and a newly constructed Aldi store (across the street). The property is zoned 05 and served by a bus line. This is an exceptional opportunity to acquire a well-established retail center in a high-traffic area with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $62,668

  6.5%

  $57,848

  7%

  $53,716

• Comparable approach

  Method

  Valuation

  Relative Method

  $60,779

  Geo Method

  $77,856

• Alternative Use

  Use

  Valuation

  Residential

  $48,797

  Hospitality

  $44,698

  Educational

  $37,188

  Medical

  $38,467

  Retail

  $57,848

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.2084

Longitude

-77.6027

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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