Property profile

3740 Henrietta Rd Rochester, NY 14623

OFF-MARKET
Office buildings
Property ID
US63-1855547
3,242 SF 0.64 ac lot Built 1980
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully operational cannabis dispensary in Rochester, NY. Located at 3740 W Henrietta Rd, this 3,852 square foot property is priced at $950,000, which includes a Class 5 Cannabis Retailer License, all necessary local and state approvals, land use entitlements, and a long-term lease for $9,300 per month (NNN). The property boasts a convenient drive-thru for customer convenience. Situated in a high-traffic area with over 13,000 daily vehicles passing by, and serving a 5-mile population of 164,233, this location offers significant market potential. The lease includes a 5-year term with three 5-year renewal options and a 2% annual rent escalation. This turnkey operation is ready for immediate revenue generation, capitalizing on the growing demand for cannabis products in Rochester's thriving market. The property's strong location, established license, and favorable lease terms make this an exceptional investment opportunity for experienced cannabis entrepreneurs. The asking price reflects the value of the license, approvals, entitlements, and the real estate lease.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 3,242 SF
Lot 0.64 ac (27,878 SF)
Zoning code 05 - COMMERCIAL
APN 263200 161.15-1-12
UPID US63-1855547

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
  • Department Store

Location

3740 Henrietta Rd Rochester, NY 14623-3702
Rochester metro Census 13104 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2014
2 recorded transactions
2014
$510,000
2012
$620,000

Zoning & alternative use

05 - COMMERCIAL · Rochester, NY

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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