Property profile

1600 Penfield Rd Rochester, NY 14625

FOR SALE
Commercial land
Property ID
US63-0177470
4,550 SF 0.68 ac lot Built 1962
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.68-acre commercial land parcel, located at 1600 Penfield Road in Rochester, New York (zip code 14625), presents a unique investment opportunity. Situated in Monroe County, this single-tenancy lot is perfect for ground lease arrangements or build-to-suit projects for qualified tenants. The property's prime location makes it highly attractive for businesses seeking high visibility and convenient access. Its suitability for various commercial uses, including banks, ATMs, and quick-service restaurants (QSRs), offers considerable flexibility for potential developers or investors. The site's 0.68 acres provide ample space for development, allowing for the construction of a building tailored to the specific needs of a tenant. This is an excellent opportunity to acquire a strategically located commercial land parcel in a thriving area of Rochester, New York. The property is zoned for commercial use and is ready for immediate development. Interested parties are encouraged to explore the possibilities this exceptional location offers. Further details regarding zoning regulations and development guidelines are available upon request. This property is offered for ground lease or build-to-suit arrangements.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1962
Total area 4,550 SF
Lot 0.68 ac (29,621 SF)
Zoning code GB
APN 264200 123.20-2-47
UPID US63-0177470

Cap rate & NOI

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

Location

1600 Penfield Rd Rochester, NY 14625
Rochester metro Census 11604 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2006
1 recorded transaction
2006
$20,000

Zoning & alternative use

GB · 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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