730 Elmgrove Rd Rochester, NY 14624-1318
- Turn key restaurants
- 8,040 SF
- 1.13 lot acres
Current Use by Public Records
- Tacos N Tequila Mexican Grill / Restaurant
Property Details for 730 Elmgrove Rd
- Year built
- 1975
- Lot size
- 1.13 lot acres
- Property size
- 8,040 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Turn key restaurants
- APN
- 262600 103.19-1-4.11
- APU
- 262600103191411
Description
This exceptional investment opportunity presents a fully remodeled, turnkey restaurant and bar spanning over 11,790 square feet. Strategically located on Elmgrove Road in Gates, NY, this property boasts 200 feet of high-traffic road frontage, ensuring excellent visibility and accessibility. Situated next to a newer strip plaza, the building benefits from a strong commercial environment. The property includes a newly remodeled dining area with seating for approximately 24 patrons, and a bar area featuring an outdoor patio with additional seating for roughly 24 guests. A dedicated banquet room is also available for private events. The extensive parking lot accommodates approximately 70 vehicles. The building sits on a 1.13-acre lot. Significant recent improvements include a complete roof tear-off approximately seven years ago, and three out of four HVAC units have been replaced within the last seven years. The property also includes three coolers, two located upstairs and one downstairs, within one of the two basements. This is a rare opportunity to acquire a well-maintained, high-potential commercial property in a prime location. The combination of its size, recent renovations, and excellent location makes this a truly compelling investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $515,000
- 6.5%
- $510,000
- 7%
- $430,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $440,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $390,000
- Retail
- $460,000
- Mixed-Use
- $435,000
- Hospitality
- $485,000
- Educational
- $400,000
- Residential Income
- $525,000
- Energy
- $495,000
- Income-Based Land
- $410,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.7318
- Latitude
- 43.1633
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
