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    FOR SALE
    Turn key restaurants

    490 State St, Rochester, NY 14608

    1,808 SF 0.24 ac lot Built 1960
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US63-3827685
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1960
    Total area 1,808 SF
    Lot 0.24 ac (10,248 SF)
    APN 261400 106.61-1-38
    UPID US63-3827685
    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
    • Spiro's Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    M&a Valley LLC · 1 yrs held
    M&a Valley LLC
    since 2025
    1 recorded transaction
    2025
    $100,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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