1633 Empire BlvdWebster, NY 14580
- Mixed-use properties
- 2,912 SF
Property Details for 1633 Empire Blvd
- Year built
- 1830
- Lot size
- 0.63 AC
- Property size (Sq ft)
- 2,912 SF
- Zone code
- LB
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 264200 093.19-1-21.1
- APU
- 264200093191211
Description
This exceptional commercial property, located at 1633 Empire Boulevard in Webster, NY, presents a unique investment opportunity. Spanning one acre at the highly visible intersection of Empire Boulevard and Plank Road, this property boasts a total of 2,900 square feet of usable space. A traffic light at the corner ensures optimal visibility and accessibility for potential businesses. The location benefits from significant foot and vehicle traffic, situated within a thriving retail corridor less than a mile from major shopping centers anchored by national brands such as TJ Maxx, McDonald's, Dunkin', Target, and Starbucks. This prime location is part of the Rochester, NY MSA, a market with over 1.1 million residents, and enjoys convenient access to major highways including routes 104 and 590. The surrounding area has experienced substantial growth and development in recent years, featuring a mix of national chains, local businesses, residential developments, and commercial spaces encompassing office, medical, and legal uses. The property is ideally suited for redevelopment or continued use as an existing commercial building, offering significant potential for a variety of businesses seeking a high-traffic, high-visibility location within a densely populated and affluent community. The existing building provides a solid foundation for immediate occupancy or a blank canvas for a new development. This is a rare opportunity to acquire a strategically located commercial property in a rapidly growing market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $583,097
- 6.5%
- $538,243
- 7%
- $499,797
-
Comparable approach
- Method
- Valuation
- Relative Method
- $412,354
- Geo Method
- $589,747
-
Alternative Use
- Use
- Valuation
- Residential
- $538,243
- Hospitality
- $493,028
- Educational
- $410,193
- Medical
- $424,300
- Retail
- $638,078
Location Insight
- City
- Webster
- County
- Monroe
- State
- New York
- Latitude
- 43.1824
- Longitude
- -77.5084
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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