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Property profile & analytics
OFF-MARKET Estimated value $520,000
Theaters & concert halls

2291 Buffalo Rd Rochester, NY 14624-1303

119,706 SF 16.43 ac lot Built 1996
Entity Owned 28-yr Hold Absentee Owner Free & Clear
Property ID
US63-0536144
Property summary
AI-generated overview

This exceptional 4.36-acre commercial/industrial land parcel in Monroe County, New York, offers a unique ground lease opportunity. Located at 2291 Buffalo Road in Gates, a western suburb of Rochester, this paved and striped parking lot is currently part of the Cinemark Tinseltown USA parking area, featuring the city's only IMAX theater. The property is highly visible and strategically positioned near major roadways, providing convenient access to I-490 via a signalized intersection with dedicated turning lanes. The lot can be subdivided into parcels of 1 acre or more, accommodating various tenant needs and development concepts. This prime location boasts a strong retail presence, including national chains like Home Depot, Tops, Burger King, Bank of America, Wendy's, and M&T Bank, as well as local favorites such as Garden Factory, MacGregor's, Jeremiah's, Fatso's XL, and Mark's Pizzeria. The area also includes several medical office buildings and Gates/Chili High School. Multiple light industrial and warehouse spaces are situated immediately south of the property. This presents a rare chance to secure a prominent location with excellent visibility and access in a thriving commercial corridor. The property's proximity to established businesses and key transportation routes makes it an ideal investment for a variety of commercial or industrial uses. The zip code is 14624.

Property profile
Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1996
Total area 119,706 SF
Lot 16.43 ac (715,691 SF)
Zoning code 05 - COMMERCIAL
APN 262600 119.13-1-1.21
UPID US63-0536144
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
  • Pizza Hut Express Restaurant
  • Cinemark Tinseltown USA - Gates Cinema Theater & Performing Art Venue
  • Cinemark Tinseltown Rochester and IMAX Cinema Theater & Performing Art Venue
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$520k
Owner & transaction history
CINEMARK USA INC
CINEMARK USA INC
Zoning & alternative use
05 - COMMERCIAL · Rochester, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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