3235 Chili AveRochester, NY 14624

  • Office properties
  • 12,663 SF
For Lease

Property Details for 3235 Chili Ave

Year built
1970
Lot size
4.79 AC
Property size (Sq ft)
12,663 SF
Zone code
05 - COMMERCIAL
Property type
Office properties
Property subtype
Office buildings
APN
262200 146.13-1-19.1
APU
262200146131191

Description

This exceptional 13.57-acre development in Chili, NY, presents a unique investment opportunity. Located at 3235 Chili Ave, near the intersection of Old Scottsville Road, this General Business (GB) zoned property offers multiple tenancy options within a vibrant retail corridor. The development, known as Chili Village Center, will encompass a mix of retail, office, and luxury apartments. Individual spaces range from 2,500 to 12,000 square feet, ideal for a variety of businesses. Retail pad sites with drive-through capabilities are also available. Benefit from high visibility and convenient access, situated less than 0.3 miles from Interstate 490 and just four miles from the Frederick Douglass Greater Rochester International Airport. The property's strategic location places it within close proximity to major retailers including Wegmans, Target, Aldi's, and Big Lots, ensuring high traffic and strong consumer presence. This new development is projected to become a highly sought-after destination in the Chili submarket of Rochester, Monroe County, NY, (Zip code 14624). The property is classified as Retail, Office, and Special Purpose, with a Traditional Office subtype.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,044,862
    6.5%
    $1,887,565
    7%
    $1,752,739
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,156,869
    Geo Method
    $796,629
  • Alternative Use

    Use
    Valuation
    Residential
    $2,340,581
    Hospitality
    $2,143,960
    Educational
    $1,783,749
    Medical
    $1,845,095
    Retail
    $2,774,721
3235 Chili Ave, Rochester, New York

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.1035
Longitude
-77.7516
CBSA code
40380
CBSA name
ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$309,900
$752,100
$1,062,000
-
$387,375
$940,125
$1,327,500

FAQs

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