2800 Spencerport RdSpencerport, NY 14559

Property Details for 2800 Spencerport Rd

Year built

2006

Lot size

2.34 AC

Property size (Sq ft)

10,516 SF

Zone code

RB

Property type

Office buildings

APN

263889 087.14-2-2.12

APU

263889087142212

Description

This exceptional Class A medical office building, situated at 2800 Spencerport Rd, Spencerport, NY 14559, presents a unique investment opportunity. The 10,516 square foot, two-story building, constructed in 2006, boasts a prime location at the border of the Village of Spencerport, offering convenient access and high visibility. Currently, there are two available suites on the main floor, ideal for immediate occupancy: a 2,150 square foot dental suite and a 3,108 square foot dental lab. The building sits on 2.34 acres of land, offering ample parking and is located on the waterfront, adjacent to the canal. The property features a sprinkler system and is zoned for Restricted Business use, allowing for a variety of medical, office, and retail uses (see attached permitted uses for details). The asking price is $1,500,000, with lease rates of $12.00 per square foot. Operating expenses are approximately $3.75 per square foot, inclusive of real estate taxes. The building is a single-tenant property with 5,258 square feet currently vacant. Utilities are provided by Village Electric. This property is perfect for an owner-occupant or an investor seeking a strong return in a desirable location. The property's APN is 087.14-2-2.12. The cross street is Gillett Rd. There are no elevators.

• CAP approach

  CAP return

  Valuation

  6%

  $1,924,580

  6.5%

  $1,776,530

  7%

  $1,649,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $960,723

  Geo Method

  $661,562

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,668,300

  Retail / Commercial

  $1,847,670

  Mixed-Use / Specialty

  $1,814,740

  Hospitality / Lodging

  $1,297,130

  Institutional / Educational

  $1,877,190

  Residential Income

  $2,196,310

  Multifamily

  $2,780,130

  Automotive / Energy

  $1,609,020

  Parking / Income-Based Land

  $581,271

  Restaurant / Food Service

  $887,660

  Healthcare / Senior Housing

  $1,887,990

Location Insight

City

Spencerport

County

Monroe

State

New York

Latitude

43.1889

Longitude

-77.7883

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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