Property profile

602 Ridge Rd Webster, NY 14580

FOR LEASE
Turn key restaurants
Property ID
US63-6072169
9,384 SF 1.4 ac lot Built 1950
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 8,549 square foot property, situated on a 1.4-acre lot in Monroe County, presents a unique investment opportunity. Currently zoned for Medium Commercial use, the building previously operated as a 6,802 square foot restaurant and bar, offering significant potential for repurposing. The property boasts ample parking with 100 spaces and convenient access via Gravel Cross Street. The adaptable space is ideal for a variety of uses, including medical facilities, event spaces, restaurants, or offices. The seller is open to leasing the existing structure or collaborating on a build-to-suit project, tailored to the buyer's specific needs. Lease rates are negotiable, providing flexibility for prospective tenants. This versatile property offers a blank canvas for entrepreneurs and investors seeking a prime location in a thriving commercial area. The substantial size and ample parking make it an attractive option for businesses requiring significant space and convenient access for clients and staff. Don't miss this chance to acquire a highly adaptable property with immense potential in a desirable Monroe County location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Total area 9,384 SF
Lot 1.4 ac (60,984 SF)
APN 265489 078.20-1-16
UPID US63-6072169

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

602 Ridge Rd Webster, NY 14580
Webster metro Census 11207 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2020
Last sale
$240,000
3 recorded transactions
2020
$240,000
2013
Price N/A
2006
$480,000

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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More about this property
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