3130 Rdg Rd Rochester, NY 14626-3216
- Turn key restaurants
- 11,316 SF
- 0.28 lot acres
Current Use by Public Records
- Chuck E. Cheese / Pizza Restaurant / Amusement Center
- Buddy V's Cake Slice / Delivery Restaurant
Property Details for 3130 Rdg Rd
- Year built
- 2003
- Lot size
- 0.28 lot acres
- Property size
- 11,316 SF
- Property type
- Turn key restaurants
- APN
- 262800 074.01-1-5.12
- APU
- 262800074011512
Description
This exceptional investment opportunity presents two free-standing outparcels totaling 16,500 square feet, situated on a 1.76-acre lot in a Lowe's Plaza in Greece, NY, the largest suburb of Rochester. The property includes a 11,300 square-foot Chuck E. Cheese restaurant operating under a ground lease, boasting 100% occupancy. A new 6,200 square-foot K9 Resorts Luxury Pet Hotel, commencing operations in 2024, is also included, secured by a new 10-year lease. The entire property is zoned for commercial/retail use and was built in 2004. This single-story, dual-building complex offers a compelling investment prospect, particularly suitable for a 1031 exchange. The asking price is $3,250,000, translating to $196.97 per square foot. The property is offered as a ground lease fee ownership with a NNN lease structure. Located at 3120 & 3130 West Ridge Road, this property benefits from its prime location in a thriving area comparable in population to Albany, NY. The property's strong tenant mix and long-term lease agreements provide a stable and attractive return on investment. This is a rare opportunity to acquire a well-established and diversified retail portfolio in a high-growth market. The property's size, location, and tenant mix make it an ideal investment for those seeking a secure and profitable addition to their portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.7121
- Latitude
- 43.2121
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA