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    OFF-MARKET
    Investment properties

    70 Rdg Rd, Ontario, NY 14519-9145

    7,390 SF 0.8 ac lot Built 1950
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US63-3452170
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    70 Ridge Rd LLC · 4 yrs held
    70 Ridge Rd LLC
    since 2022
    Last sale
    $332,000
    2 recorded transactions
    2022
    2021
    $332,000
    Zoning & alternative use
    SR · Ontario, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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