490 State St, Rochester, NY 14608
For Sale
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This exceptional 2,000 square foot restaurant located at 490 State St, Rochester, NY 14608, presents a unique investment opportunity. The single-story, 1-unit building sits on a 0.17-acre corner lot with a traffic light, ensuring high visibility and accessibility. Built in 1960 and renovated in 1987, the property boasts a CCD-R Center City Riverfront zoning designation, allowing for a variety of uses. Currently operating as Spiro's Restaurant, the property includes all existing restaurant infrastructure and equipment, offering a turnkey solution for a new owner. The high-traffic location sees over 16,000 vehicles daily, providing excellent potential for sustained patronage. This established business offers a chance to continue a successful operation or to transform the space to meet new business aspirations. The property's prime location and flexible zoning make it an ideal investment for those seeking a high-visibility, high-traffic location in Rochester's thriving community. The asking price is $395,000. APN: 261400-106-610-0001-038-000-0000.
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Spiro's Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.