2291 Buffalo RdRochester, NY 14624

Property Details for 2291 Buffalo Rd

Year built

1996

Lot size

16.43 AC

Property size (Sq ft)

119,706 SF

Zone code

05 - COMMERCIAL

Property type

Theaters & concert halls

APN

262600 119.13-1-1.21

APU

262600119131121

Description

This exceptional 4.36-acre commercial/industrial land parcel in Monroe County, New York, offers a unique ground lease opportunity. Located at 2291 Buffalo Road in Gates, a western suburb of Rochester, this paved and striped parking lot is currently part of the Cinemark Tinseltown USA parking area, featuring the city's only IMAX theater. The property is highly visible and strategically positioned near major roadways, providing convenient access to I-490 via a signalized intersection with dedicated turning lanes. The lot can be subdivided into parcels of 1 acre or more, accommodating various tenant needs and development concepts. This prime location boasts a strong retail presence, including national chains like Home Depot, Tops, Burger King, Bank of America, Wendy's, and M&T Bank, as well as local favorites such as Garden Factory, MacGregor's, Jeremiah's, Fatso's XL, and Mark's Pizzeria. The area also includes several medical office buildings and Gates/Chili High School. Multiple light industrial and warehouse spaces are situated immediately south of the property. This presents a rare chance to secure a prominent location with excellent visibility and access in a thriving commercial corridor. The property's proximity to established businesses and key transportation routes makes it an ideal investment for a variety of commercial or industrial uses. The zip code is 14624.

• CAP approach

  CAP return

  Valuation

  6%

  $10,946,500

  6.5%

  $10,104,400

  7%

  $9,382,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,311,450

  Geo Method

  $5,723,340

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $41,757,100

  Retail / Commercial

  $21,032,400

  Mixed-Use / Specialty

  $20,657,600

  Hospitality / Lodging

  $14,765,600

  Office

  $20,222,700

  Institutional / Educational

  $21,368,500

  Residential Income

  $25,001,100

  Multifamily

  $31,646,900

  Automotive / Energy

  $18,315,800

  Parking / Income-Based Land

  $6,616,740

  Restaurant / Food Service

  $10,104,400

  Healthcare / Senior Housing

  $21,491,400

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1432

Longitude

-77.7131

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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