607 Coldwater RdRochester, NY 14624
- Retail properties
- 7,584 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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