Property profile

3187 Chili Ave Rochester, NY 14624

OFF-MARKET
Investment properties
Property ID
US63-5834073
4,558 SF 1.23 ac lot Built 1980
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,558 square foot freestanding commercial property is ideally situated on bustling Chili Avenue in Rochester, NY's Town of Chili central business district. Boasting a highly visible location directly in front of a Wegmans and a Target, this property benefits from significant foot and vehicle traffic. The 1.23-acre lot includes two approved driveway cuts, ensuring convenient access and ample parking for customers and employees. The property currently features two separate retail storefronts, offering flexibility for a variety of uses. An enclosed patio area in the rear adds further versatility. This presents a unique opportunity for redevelopment in a high-demand area with tremendous traffic counts. The asking price is $825,000. The property's prime location and existing infrastructure make it an attractive investment for both established businesses and new ventures seeking a strong foothold in a thriving commercial corridor. The existing tenants should not be disturbed. Serious inquiries only.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1980
Total area 4,558 SF
Lot 1.23 ac (53,579 SF)
Zoning code 05 - COMMERCIAL
APN 262200 146.10-1-72
UPID US63-5834073

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
  • Restaurant
  • (Bike/Boat/Book/etc) Store

Location

3187 Chili Ave Rochester, NY 14624-5409
Rochester metro Census 14602 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$517k
Blend (final) Blend
$255k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Rochester, NY
Top alternative use upside
Auto repair, garage $485,000 +32.7%
Office building $375,000 +2.8%

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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