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    FOR SALE
    Office buildings

    1597 W Ridge Rd, Rochester, NY 14615

    5,400 SF 0.26 ac lot Built 1989
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US63-2112993
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Park Bonnie C Physician Medical Clinic
    • Terrance J. Bellnier, RPH Pharmacy
    • Barion Mills - State Farm Insurance Agent Insurance Agency
    • Ortega Tulio MD Physician
    • Lockamyeir Counseling Counselor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    MASI ENTERPRISES INC
    MASI ENTERPRISES INC
    Zoning & alternative use
    05 - COMMERCIAL · Rochester, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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