390 Henrietta Rd Rochester, NY 14620
- Investment properties
- 14,200 SF
- 1.73 lot acres
Current Use by Public Records
- DiBella's Subs / Sandwich Shop
Property Details for 390 Henrietta Rd
- Year built
- 2015
- Lot size
- 1.73 lot acres
- Property size
- 14,200 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 261400 150.22-1-2.008
- APU
- 2614001502212008
Description
Citygate, a Class A power center in Monroe County, NY, offers 14,061 square feet of prime retail and restaurant space. This exceptional property boasts five suites, with a minimum divisible space of 1,450 square feet. Currently housing a diverse mix of established tenants including Costco (the only one in the Rochester market), REI, Dibella's, Wellnow, and CSL Plasma, Citygate presents a compelling investment opportunity. The center is strategically positioned within a larger 300,000 square foot power center, ensuring high visibility and significant foot traffic. Development potential is substantial, with planned spaces for a hotel, a quick-service restaurant with a drive-thru, and a large national entertainment venue. This presents a unique chance to capitalize on the existing success of established tenants while simultaneously participating in the future growth and expansion of this thriving retail destination. The property's multiple tenancy structure offers flexibility and diversification for investors. The strategic location within the Rochester market, coupled with the presence of a major anchor tenant and significant development potential, makes Citygate an attractive proposition for discerning investors seeking a high-return, high-growth opportunity. The property's Class A designation reflects its superior quality and modern amenities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,635,000
- 6.5%
- $2,685,000
- 7%
- $2,660,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,875,000
- Geo Method
- $2,565,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,910,000
- Retail
- $3,195,000
- Mixed-Use
- $2,850,000
- Hospitality
- $2,685,000
- Educational
- $2,525,000
- Residential Income
- $2,460,000
- Energy
- $2,780,000
- Income-Based Land
- $2,860,000
- Food Service
- $3,050,000
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.6154
- Latitude
- 43.1134
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
