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4450-4470 Lake Ave Rochester, NY 14612

Rochester, NY Strip Plaza - Value-Add Opportunity

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This 17,110 square foot, single-story shopping center presents a compelling value-add investment opportunity in Rochester, NY. Located at 4450-4470 Lake Ave, in the Harbortown Village District, this Class B property boasts high visibility at a signalized intersection. Built in 1950 and renovated in 2003, the center comprises one building with seven units, currently 60% occupied. Five tenants are currently in place, including a hair salon, pizza shop, vape shop, liquor store, and Chinese restaurant. An end-cap space, previously partially built out as a fitness studio, is currently vacant. The property offers a multi-tenant configuration with a remaining lease term of zero years, providing immediate potential for increased occupancy and rental income. The zoning designation is Harbortown Village District. This property is an excellent opportunity for investors seeking to capitalize on a strong location and add value through lease-up and potential renovations. The net rentable square footage is 17,110 square feet.

Highlights

  • 17,110 SF retail shopping center in Rochester, NY, offering a value-add investment opportunity.
  • Located at a signalized intersection at Lake and Latta Roads with high visibility.
  • Class B, multi-tenant property with 60% occupancy (5 of 7 units leased).
  • Seven units totaling 17,110 square feet of net rentable space.
  • Built in 1950, renovated in 2003.
  • Current tenants include a hair salon, pizza shop, vape shop, liquor store, and Chinese restaurant.

Property Details for 4450-4470 Lake Ave

Property type
Lifestyle centers, Power centers
Square Feet
17,110 SF
Class
B
Year Built/Renovated
1950/2003
Buildings
1
Stories
1
Units
7

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.251803415067
Longitude
-77.613342632238

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FAQs

What type of property is this?
Lifestyle center - Rochester, NY Strip Plaza - Value-Add Opportunity
Where is the lifestyle center located?
The property is located at 4450-4470 Lake Ave Rochester, NY.
What are key features of this property?
This property features: 17,110 SF retail shopping center in Rochester, NY, offering a value-add investment opportunity.; Located at a signalized intersection at Lake and Latta Roads with high visibility.; Class B, multi-tenant property with 60% occupancy (5 of 7 units leased).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Property Records

Contacts

David Angie
David Angie
Michael Barry
Michael Barry
David Huckle
David Huckle
Visit Broker Website

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Useful Information

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Lake Ave
Rochester, NY 14612

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Lake Ave
Rochester, NY 14612

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

4450-4470 Lake Ave
  • David Angie
    David Angie
  • Michael Barry
    Michael Barry
  • David Huckle
    David Huckle
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