2122 Empire BlvdWebster, NY 14580

Property Details for 2122 Empire Blvd

Year built

1948

Lot size

0.63 AC

Property size (Sq ft)

1,933 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

265489 093.08-1-10.1

APU

265489093081101

Description

This exceptional Webster, NY restaurant presents a lucrative investment opportunity. Located at 2122 Empire Blvd, this two-story, 2,701 square foot building sits on a 0.63-acre lot. The property is currently configured as a fast-casual restaurant, boasting a recently renovated interior with attractive features including new kitchen equipment, a newer roof, beautiful wood flooring, a separate dining area, a cozy fireplace, and a convenient walk-in cooler. The layout is well-suited for efficient service and comfortable dining. The building's zoning allows for flexible use as a retail space or other business ventures, providing considerable versatility for future operations. The asking price is $420,000, translating to $155.50 per square foot. This owner-user opportunity includes a potentially transferable five-year lease, offering immediate income potential and long-term stability. The prime location on Empire Blvd ensures high visibility and accessibility, making this a truly compelling proposition for discerning investors and restaurateurs alike. The property consists of one building with one unit. This is a rare chance to acquire a well-maintained, established business in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $458,856

  6.5%

  $423,560

  7%

  $393,305

• Comparable approach

  Method

  Valuation

  Relative Method

  $445,020

  Geo Method

  $636,466

• Alternative Use

  Use

  Valuation

  Residential

  $357,288

  Hospitality

  $327,274

  Educational

  $272,288

  Medical

  $281,653

  Retail

  $423,560

Location Insight

City

Webster

County

Monroe

State

New York

Latitude

43.1981

Longitude

-77.4988

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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