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    OFF-MARKET
    Investment properties

    1506 Empire Blvd, Webster, NY 14580-2104

    2,860 SF 2.9 ac lot Built 1957
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US63-2665534
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1957
    Total area 2,860 SF
    Lot 2.9 ac (126,324 SF)
    Zoning code LB
    APN 264200 108.07-1-2.1
    UPID US63-2665534
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Real Estate Holdings LLC · 1 yrs held
    Real Estate Holdings LLC
    since 2024
    5 recorded transactions
    2024
    2024
    2023
    $350,000
    2022
    2019
    $275,000
    Zoning & alternative use
    LB · Webster, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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