607 Coldwater RdRochester, NY 14624

Property Details for 607 Coldwater Rd

Year built

1850

Lot size

1.00 AC

Property size (Sq ft)

7,584 SF

Zone code

06 - INDUSTRIAL

Property type

Turn key restaurants

APN

262600 133.10-1-28

APU

26260013310128

Description

This exceptional turnkey restaurant opportunity in Rochester, NY, presents a unique chance to acquire a fully operational establishment. Located at 607 Coldwater Rd, this property boasts 7,584 square feet of net rentable space spread across two stories within a single building situated on a one-acre lot. The building, a former train station, offers a charming and historic ambiance, featuring beautiful hardwood bars, multiple dining areas, and portions with high ceilings, creating a versatile space ideal for various concepts. A fully equipped kitchen is included, complete with a hood/vent system and walk-in coolers, ensuring a smooth transition for new owners. The property also includes a dedicated parking lot and an outdoor patio, providing ample space for customer convenience. Priced at $350,000 ($46.15/sq ft), this vacant property is ready for immediate occupancy and presents significant potential for a brewery, event space, or other restaurant concepts. The property's prime location and extensive features make it an attractive investment opportunity. The building's history and unique character add to its appeal, offering a distinct advantage in the competitive Rochester market. This is a rare chance to acquire a well-equipped and established restaurant space with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,443,550

  6.5%

  $1,332,510

  7%

  $1,237,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $720,575

  Geo Method

  $496,194

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,645,530

  Mixed-Use / Specialty

  $1,308,770

  Hospitality / Lodging

  $935,476

  Office

  $1,281,210

  Institutional / Educational

  $1,353,810

  Residential Income

  $1,583,950

  Multifamily

  $2,005,000

  Automotive / Energy

  $1,160,400

  Parking / Income-Based Land

  $419,205

  Restaurant / Food Service

  $640,169

  Healthcare / Senior Housing

  $1,361,590

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1289

Longitude

-77.737

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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