Property profile

2950 Rdg Rd Rochester, NY 14626

OFF-MARKET
Retail space
Property ID
US63-1404345
13,512 SF 1.82 ac lot Built 2008
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 13,665-square-foot retail space, located at 2950 W Ridge Rd in Rochester, New York, 14626, presents a significant opportunity for a discerning business owner. The property is a single-tenant building, currently vacant and ready for immediate occupancy. Its "general storefront/street retail" classification suggests high visibility and accessibility for customers. The building's substantial size offers ample space for a variety of retail concepts, allowing for flexible layout and design to suit individual business needs. Situated in Rochester, NY, the property benefits from established infrastructure and a readily available workforce. The address, 2950 W Ridge Rd, ensures convenient access for both employees and customers. Previous use as a Walgreens location indicates a history of successful retail operation at this address, suggesting strong potential for future success. This property is an ideal location for a business seeking high visibility and a large footprint in a well-established area. The building's size and location make it a compelling investment opportunity for those seeking to establish or expand their retail presence in the Rochester market. Interested parties are encouraged to explore the possibilities this property offers.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2008
Total area 13,512 SF
Lot 1.82 ac (79,279 SF)
Zoning code 05 - COMMERCIAL
APN 262800 074.13-1-29.1
UPID US63-1404345

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
  • Insurance Agency
  • Physician
  • Pharmacy
  • Pharmacy

Location

2950 Rdg Rd Rochester, NY 14626-1643
Rochester metro Census 13505 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$535k

Owner & transaction history

since 2013
4 recorded transactions
2013
$6.3M
2007
$800,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Rochester, NY
Top alternative use upside
Medical building $750,000 +13.0%

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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