607 Coldwater RdRochester, NY 14624

  • Retail properties
  • 7,584 SF
For Sale
$350,000 View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,800,293
    6.5%
    $1,661,809
    7%
    $1,543,108
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,746,008
    Geo Method
    $1,202,316
  • Alternative Use

    Use
    Valuation
    Residential
    $1,401,798
    Hospitality
    $1,284,039
    Educational
    $1,068,306
    Medical
    $1,105,046
    Retail
    $1,661,809
607 Coldwater Rd, Rochester, New York

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

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
-
$100,000
$200,999
$300,999
-
$120,466
$242,134
$362,600

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