1633 Empire BlvdWebster, NY 14580

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

Investment properties

Property subtype

Retail residential 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.

• CAP approach

  CAP return

  Valuation

  6%

  $544,400

  6.5%

  $502,523

  7%

  $466,629

• Comparable approach

  Method

  Valuation

  Relative Method

  $271,356

  Geo Method

  $388,092

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,015,790

  Retail / Commercial

  $511,640

  Hospitality / Lodging

  $359,191

  Office

  $491,943

  Institutional / Educational

  $519,816

  Residential Income

  $608,184

  Multifamily

  $769,850

  Automotive / Energy

  $445,556

  Parking / Income-Based Land

  $160,961

  Restaurant / Food Service

  $245,803

  Healthcare / Senior Housing

  $522,806

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

FAQs

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