63 Main St Brockport, NY 14420-1648
- Strip malls
- 7,439 SF
- 1.15 lot acres
Jul 01, 2025
Current Use by Public Records
- Strip malls
Property Details for 63 Main St
- Year built
- 1965
- Lot size
- 1.15 lot acres
- Property size
- 7,439 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 265201 068.44-2-13
- APU
- 26520106844213
Description
This exceptional investment opportunity presents a 7,700 square foot, multi-tenant retail center in Brockport, NY. Anchored by a Pizza Hut, operating for over 30 years, this property boasts a strong 100% occupancy rate across three tenants under a triple net (NNN) lease structure. The lease features a substantial 15-year remaining term, providing long-term stability and predictable cash flow. The property generates a significant net operating income (NOI) of $120,400, resulting in an attractive 9.15% capitalization rate. Priced at $1,315,847 ($170.89/sq ft), this investment offers a compelling return. Situated on a main thoroughfare in Brockport, the property benefits from high visibility and convenient access. Its proximity to the State University of New York at Brockport (6,900 students) ensures a consistent customer base. The property consists of two buildings, offering flexibility and potential for future expansion or redevelopment. This is a rare opportunity to acquire a well-established, high-performing retail center with a strong tenant mix and excellent long-term prospects. The absolute net lease structure minimizes landlord responsibilities, making this an ideal investment for passive income seekers. Don't miss this chance to secure a prime retail asset in a thriving New York community.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $665,000
- ML approach
- $595,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $701,000
Market price range: $219k - $862k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $520,000 Current use
- RESTAURANT
- $875,000 Change: +69% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $845,000 Change: +63% Conversion: Difficult
- OFFICE BUILDING
- $670,000 Change: +29% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $535,000 Change: +3% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Brockport
- County
- Monroe
- State
- New York
- Longitude
- -77.9383
- Latitude
- 43.2191
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
