14462 Ridge RdAlbion, NY 14411

Property Details for 14462 Ridge Rd

Year built

1962

Lot size

2.30 AC

Property size (Sq ft)

3,600 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

342889 51.-1-9.2

APU

34288951192

Description

This exceptional retail storefront, located at 14462 Ridge Rd W in Albion, NY 14411, presents a unique investment opportunity. The 3,644 square foot building sits on over 2.5 acres of land, offering excellent visibility and ample parking. Originally built in 1962 and extensively renovated in 2021, this Class C property boasts a 100% occupancy rate. The building features a spacious open floor plan, a private office, and a large ADA-accessible bathroom. Two HVAC units provide dual-zone climate control. Additional storage is available in the building and a hayloft attic. Exterior improvements include a new roof and a recently installed security system

• CAP approach

  CAP return

  Valuation

  6%

  $764,675

  6.5%

  $705,854

  7%

  $655,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $521,801

  Geo Method

  $351,038

• Alternative Use

  Use

  Valuation

  Residential

  $705,854

  Hospitality

  $646,558

  Educational

  $537,929

  Medical

  $556,429

  Retail

  $836,778

Location Insight

City

Albion

County

Orleans

State

New York

Latitude

43.2869

Longitude

-78.1861

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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