5390 Lake RdConesus, NY 14435

Property Details for 5390 Lake Rd

Year built

1936

Lot size

0.55 AC

Property size (Sq ft)

3,056 SF

Zone code

02 - SINGLE RESIDENCE

Property type

Investment properties

Property subtype

Live-work space

APN

242689 100.43-1-20

APU

24268910043120

Description

This exceptional 3,056 square foot commercial property, situated on a 0.55-acre lot at 5390 W Lake Rd in Conesus, NY, presents a unique investment opportunity. The building is ideally suited for a variety of food-related businesses, such as a specialty meats store, deli, sub shop, or bakery, given its existing infrastructure and layout. The spacious layout offers ample room for both front-of-house operations and back-of-house preparation areas. A significant advantage is the inclusion of a fully functional apartment on the upper level, perfect for owner-occupancy or generating additional rental income. The property has already undergone substantial improvements, completing Phases 1 and 2 of a planned development. Further enhancing its appeal are the installed permanent generator, ensuring uninterrupted operations during power outages, and a comprehensive security system, providing peace of mind. This turnkey operation is ready for immediate occupancy and offers significant potential for growth and profitability in a desirable location. The property's strategic location on W Lake Road ensures high visibility and accessibility, attracting a steady stream of customers. This is a rare opportunity to acquire a well-maintained, versatile commercial property with significant upside potential. The combination of commercial space and residential living makes this an attractive option for both business owners and investors seeking a strong return on investment. Don't miss this chance to own a piece of Conesus' vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $493,493

  6.5%

  $455,532

  7%

  $422,994

• Comparable approach

  Method

  Valuation

  Relative Method

  $279,191

  Geo Method

  $192,253

• Alternative Use

  Use

  Valuation

  Residential

  $564,859

  Hospitality

  $517,408

  Educational

  $430,478

  Medical

  $445,282

  Retail

  $669,632

Location Insight

City

Conesus

County

Livingston

State

New York

Latitude

42.7555

Longitude

-77.7282

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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.

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 unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].