4450-4470 Lake AveRochester, NY 14612

Property Details for 4450-4470 Lake Ave

Year built

1950

Property size (Sq ft)

17,110 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.2518

Longitude

-77.6133

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