3235 Chili AveRochester, NY 14624
- Office properties
- 12,663 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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