2351 Buffalo RdGates, NY 14624
- Retail properties
- 4,348 SF
Property Details for 2351 Buffalo Rd
- Year built
- 1980
- Lot size
- 0.84 AC
- Property size (Sq ft)
- 4,348 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 262600 119.13-1-2
- APU
- 2626001191312
Description
This exceptional commercial property, located at 2351 Buffalo Road in Gates, NY, presents a unique investment opportunity. The 4,348 square foot building sits on a 0.84-acre lot and offers high visibility at a busy signalized intersection near The Home Depot. Previously used as a restaurant, the space is currently vacant and features a fully equipped commercial kitchen, ready for immediate use. Ample parking is available, with over 70 spaces provided for customer convenience. Outdoor patio seating adds further appeal. The property's strategic location provides easy access to Interstates 390 and 490, placing it just 10 minutes from Downtown Rochester. This area boasts low vacancy rates, indicating a strong and thriving market. The property is being sold "AS IS" for $899,000. This represents a compelling opportunity for investors seeking a high-traffic location with significant potential for immediate return. The property's size, amenities, and location combine to create a highly desirable commercial space.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,032,130
- 6.5%
- $952,735
- 7%
- $884,683
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,001,008
- Geo Method
- $689,302
-
Alternative Use
- Use
- Valuation
- Residential
- $803,668
- Hospitality
- $736,155
- Educational
- $612,473
- Medical
- $633,537
- Retail
- $952,735
Location Insight
- City
- Rochester
- County
- Monroe
- State
- New York
- Latitude
- 43.1462
- Longitude
- -77.7129
- 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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