Property profile

3160 West Ridge Rd Greece, NY 14626

FOR SALE
Super regional malls
Property ID
US63-3235915
165,690 SF 14.2 ac lot Built 1982
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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3160 West Ridge Rd, Greece, NY 14626 For Sale
$7,500,000 165,690 SF
3160 West Ridge Rd, Greece, NY 14626
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Property summary

AI-generated overview

This exceptional retail opportunity presents 8,500 square feet of available space within the established Lowes Plaza, situated in the heart of Greece, NY's vibrant retail corridor. The property boasts a Class A designation, having undergone renovations in 2008, and is part of a larger 165,690 square foot complex built in 1982. The single-story building sits on a substantial 14.2-acre lot, providing ample parking for over 100 vehicles. Its strategic location between ElmRidge Plaza (Walmart Supercenter) and Ridgemont Plaza (Wegmans) ensures high visibility and significant foot traffic. Current tenants include Lowe's Home Improvement, Ollie's, Value City Furniture, Chuck E. Cheese, Dollar Tree, and more, creating a strong synergistic retail environment. The property's zoning (451 Reg Shop Ctr) allows for a variety of retail uses. The address is 3160 W Ridge Rd, Greece, NY 14626, conveniently located near major roadways and offering excellent access to a dense population base. A unique opportunity also exists for a potential retail pad build-out in the existing parking lot, tailored to a suitable tenant. The entire Lowes Plaza is also available for sale. This property offers strong demographics, high traffic counts, and exceptional visibility, making it an ideal investment or lease opportunity.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1982
Total area 165,690 SF
Lot 14.2 ac (618,552 SF)
APN 262800 074.01-1-7.1
UPID US63-3235915

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
  • Tanning Salon
  • Shopping Center & Mall
  • Furniture & Home Goods Home Decor Store
  • Discount Store
  • Gym & Fitness Center Sports Field & Court

Location

3160 West Ridge Rd Greece, NY 14626
Greece metro Census 13505 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.58M
Blend (final) Blend
$7.50M

Owner & transaction history

since 2024
Last sale
$7.5M
7 recorded transactions
2024
$7.5M
2018
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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