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    FOR LEASE
    Strip malls

    2050 Latta Rd, Rochester, NY 14612

    17,380 SF 3.37 ac lot Built 1982
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US63-3630610
    Property summary
    AI-generated overview

    This exceptional 7,247 square foot retail/office suite is located at 2050 Latta Road in Greece, NY, a high-traffic area within a thriving strip center. The property, built in 1982, boasts a single-story building totaling 17,380 square feet, divided into four suites. This particular suite offers ample space for a variety of retail or office uses, with the potential for expansion. The property sits on a 3.37-acre lot providing over 163 parking spaces, ensuring convenient access for customers and employees. The building features three-phase power, making it suitable for businesses with significant energy demands. Its prime location along Latta Road, with a high average annual daily traffic count (AADT) exceeding 23,000, guarantees exceptional visibility and accessibility. The property is zoned BR (Business District) and is situated in Greece, Monroe County, NY, the most populous town in the Rochester area, offering access to a large and engaged customer base. The property's strategic location within a strip center anchored by established businesses provides a strong foundation for success. This is a rare opportunity to establish a business in a high-traffic, high-visibility location with ample parking. The property's address is 2050 Latta Rd, Rochester, NY 14612, with the cross street being Island Cottage Rd. The parcel number is 262800-046-130-0001-013-100.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1982
    Total area 17,380 SF
    Lot 3.37 ac (146,797 SF)
    Zoning code 05 - COMMERCIAL
    APN 262800 046.13-1-13.1
    UPID US63-3630610
    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
    • Bill Gray's Latta Rd. Restaurant
    • Robert W. Mcdonald, RPH Pharmacy
    • George J. Faris, RPh Pharmacy
    • Abbott's Frozen Custard at Bill Gray's Grocery & Convenience Store Specialty Food Shop
    • Eckman Melissa A Alternative Medicine Practice Spa & Massage Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.57M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.07M
    Blend (final) Blend
    $1.49M
    Owner & transaction history
    Bill Grays INC · 3 yrs held
    Bill Grays INC
    since 2023
    Last sale
    $1.4M
    3 recorded transactions
    2024
    2023
    $1.4M
    2007
    Zoning & alternative use
    05 - COMMERCIAL · Rochester, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.2M +83.6%
    Auto repair, garage $1.9M +54.3%
    Office building $1.4M +19.6%
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