Property profile

1118 Long Pond Rd Greece, NY 14626

FOR SALE
Specialty properties
Property ID
US63-2925150
6,110 SF 4 ac lot Built 1983
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 9,000 square foot property, located at 1118 Long Pond Road in Greece, NY, presents a unique investment opportunity. Previously used as a funeral home, the building has undergone a complete renovation and update. Currently zoned R1-E (single-family residential), it offers significant potential for repurposing. Ideal uses could include a church, spa, medical facility, or office space, subject to necessary rezoning. The property boasts a substantial oversized detached garage and sits on a generous 4-acre lot, providing ample space for expansion or additional development. Deed restrictions prohibit the use of the property as a funeral home or cremation facility. The site currently features 102 striped parking spaces, a significant asset for any commercial venture. Security is enhanced by existing video surveillance and recording devices. Owner financing is available, making this an attractive proposition for qualified buyers. This property offers a rare combination of size, location, and potential, making it an exceptional investment opportunity in a desirable area. The extensive parking and large lot size provide significant flexibility for future development. Serious inquiries are encouraged.

Property profile

Verified
Property type Specialty properties
Use group FUNERAL HOME
Year built 1983
Total area 6,110 SF
Lot 4 ac (174,240 SF)
Zoning code 05 - COMMERCIAL
APN 262800 074.06-2-10
UPID US63-2925150

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1118 Long Pond Rd Greece, NY 14626
Greece metro Census 14003 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$555k

Owner & transaction history

since 2020
Last sale
$600,000
1 recorded transaction
2020
$600,000

Zoning & alternative use

05 - COMMERCIAL · Rochester, NY
Top alternative use upside
Commercial (general) $665,000 +169.9%
Auto repair, garage $605,000 +145.4%
Restaurant $535,000 +117.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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