1506 Empire Blvd, Webster, NY 14580-2104
This exceptional 2.9-acre property at 1506 Empire Blvd in Webster, NY, presents a remarkable redevelopment opportunity. Boasting over 450 feet of frontage on a high-traffic corridor with an Average Annual Daily Traffic (AADT) exceeding 27,000 vehicles, this site offers unparalleled visibility and accessibility. Located just 15 minutes from Downtown Rochester, the property includes a 4,564 square foot multi-family residence currently generating $1,250 monthly rental income. The residence features a new roof and updated bathroom. Adding to the property's versatility are a spacious barn and a block building, formerly a cider mill, offering unique character and potential for adaptive reuse. An existing open market-style structure along the frontage provides flexibility for immediate business use or incorporation into future development plans. Preliminary plans for a 22-unit multi-family residential building are available, showcasing the significant development potential. This section of Empire Boulevard is experiencing a surge in new development, solidifying its position as a thriving commercial and residential area. The high traffic count and prominent location make this a prime investment opportunity for both residential and commercial projects. The asking price is $649,900.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LB · Webster, NYWebster. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.