Property profile

70 Rdg Rd Ontario, NY 14519

OFF-MARKET
Investment properties
Property ID
US63-3452170
7,390 SF 0.8 ac lot Built 1950
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,500-square-foot flex space, located at 70 Ridge Rd in Ontario, NY 14519, presents a unique opportunity for businesses seeking a versatile and adaptable environment. Previously a fire station, this property boasts high ceilings and four large glass overhead/drive-in doors, ideal for various uses including retail, office, service businesses, or contracting. The mostly open floor plan offers ample space for customization, complemented by several existing office/multi-purpose rooms. The property enjoys excellent visibility on busy Ridge Road, offering high traffic exposure and convenient access. Its location near the Webster border provides additional advantages. Enjoy the convenience of Mama Lor's Cafe directly across the street. The property includes 7+ parking spaces in front and additional parking in the rear. This triple-net lease is offered at a competitive rate of $7.50 per square foot per year. Landlord incentives are available for October lease signings. This is a rare opportunity to secure a unique and well-located space, perfect for a variety of business needs.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1950
Total area 7,390 SF
Lot 0.8 ac (34,848 SF)
Zoning code SR
APN 543400 60117-12-922513
UPID US63-3452170

Cap rate & NOI

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

Location

70 Rdg Rd Ontario, NY 14519-9145
Ontario metro Census 20105 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2022
Last sale
$332,000
2 recorded transactions
2022
Price N/A
2021
$332,000

Zoning & alternative use

SR · Ontario, NY
Zoning description

District § 150-19 Purpose and uses allowed. § 150-19.1 Permitted uses. § 150-19.2 Special use permit uses. § 150-19.3 Lot and bulk requirements. Article V (Reserved) § 150-20 (Reserved) Article VI Suburban Residential (S…

General category RESIDENTIAL

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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