3127 Chili AveRochester, NY 14624
- Mixed-use properties
- 14,730 SF
Property Details for 3127 Chili Ave
- Year built
- 2009
- Lot size
- 3.20 AC
- Property size (Sq ft)
- 14,730 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 262200 146.10-1-18.1
- APU
- 262200146101181
Description
This exceptional 14,820-square-foot freestanding retail building, constructed in 2009, presents a unique opportunity in Rochester, NY. Located on a 3.2-acre lot at the high-visibility corner of Chili Avenue and Paul Road, this former pharmacy boasts a convenient drive-thru. The property offers ample parking with 75 spaces and is strategically positioned less than a mile from Interstate 490, ensuring excellent accessibility. The building's prime location within the Chili Center retail corridor places it near numerous national retailers, including Target, Wegmans, Aldi, Big Lots, and various quick-service restaurants (QSRs) such as Wendy's, McDonald's, and Taco Bell. A strong concentration of banks and other businesses further enhances the area's commercial vibrancy. The property's size and configuration allow for flexibility, with the potential for subdivision to accommodate multiple tenants. This makes it ideal for a variety of uses, from high-traffic retail to professional or medical offices. The building is currently vacant, providing immediate occupancy for a new business. This is a rare opportunity to acquire a well-located, sizable retail space with a drive-thru in a thriving commercial area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,949,524
- 6.5%
- $2,722,638
- 7%
- $2,528,163
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,085,844
- Geo Method
- $1,436,330
-
Alternative Use
- Use
- Valuation
- Residential
- $2,722,638
- Hospitality
- $2,493,921
- Educational
- $2,074,913
- Medical
- $2,146,273
- Retail
- $3,227,643
Location Insight
- City
- Rochester
- County
- Monroe
- State
- New York
- Latitude
- 43.1079
- Longitude
- -77.7434
- 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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