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    FOR SALE
    Super regional malls

    3160 West Ridge Rd, Greece, NY 14626

    165,690 SF 14.2 ac lot Built 1982
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US63-3235915
    3160 West Ridge Rd, Greece, NY 14626 For Sale
    $7,500,000 165,690 SF
    3160 West Ridge Rd, Greece, NY 14626
    View Listing →
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Tanning Oasis Tanning Salon
    • Lowes Plaza Shopping Center & Mall
    • Value City Furniture Furniture & Home Goods Home Decor Store
    • Ollie's Bargain Outlet Discount Store
    • New York Icons Gym & Fitness Center Sports Field & Court
    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
    Spark Realty Solutions INC · 1 yrs held
    Spark Realty Solutions INC
    since 2024
    Last sale
    $7.5M
    7 recorded transactions
    2024
    $7.5M
    2018
    2006
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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