Property profile

1597 W Ridge Rd Rochester, NY 14615

FOR SALE
Office buildings
Property ID
US63-2112993
5,400 SF 0.26 ac lot Built 1989
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1.49-acre redevelopment opportunity in Rochester, NY, presents a unique chance to capitalize on a prime commercial location. Situated at 1597 W Ridge Rd, 14615, this 5,400 square foot storefront property boasts a 100% occupancy rate and is zoned for commercial use. The property is currently configured as a multi-tenant retail space with a ground lease in place, offering flexibility for various redevelopment scenarios. Its strategic location along West Ridge Road, a major retail corridor in Greece, ensures high visibility and accessibility. The site benefits from proximity to Interstate 390 and the Mall at Greece Ridge, within one mile, guaranteeing substantial foot and vehicle traffic exceeding 48,800 vehicles per day. Furthermore, the potential for traffic signal access enhances the property's appeal. This versatile site is ideal for a variety of uses, including retail and office spaces, making it an attractive investment for developers seeking a high-traffic, well-located asset in a thriving commercial area. The property's existing infrastructure and high occupancy rate provide a solid foundation for future development and growth. This is a truly exceptional opportunity to acquire a prime piece of commercial real estate in a rapidly growing market.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1989
Total area 5,400 SF
Lot 0.26 ac (11,326 SF)
Zoning code 05 - COMMERCIAL
APN 262800 074.20-3-4
UPID US63-2112993

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Pharmacy
  • Insurance Agency
  • Physician
  • Counselor

Location

1597 W Ridge Rd Rochester, NY 14615
Rochester metro Census 14102 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

Zoning & alternative use

05 - COMMERCIAL · Rochester, NY

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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