390 Henrietta RdRochester, NY 14620

Property Details for 390 Henrietta Rd

Year built

2015

Lot size

1.73 AC

Property size (Sq ft)

14,200 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

261400 150.22-1-2.008

APU

2614001502212008

Description

Citygate, a Class A power center in Monroe County, NY, offers 14,061 square feet of prime retail and restaurant space. This exceptional property boasts five suites, with a minimum divisible space of 1,450 square feet. Currently housing a diverse mix of established tenants including Costco (the only one in the Rochester market), REI, Dibella's, Wellnow, and CSL Plasma, Citygate presents a compelling investment opportunity. The center is strategically positioned within a larger 300,000 square foot power center, ensuring high visibility and significant foot traffic. Development potential is substantial, with planned spaces for a hotel, a quick-service restaurant with a drive-thru, and a large national entertainment venue. This presents a unique chance to capitalize on the existing success of established tenants while simultaneously participating in the future growth and expansion of this thriving retail destination. The property's multiple tenancy structure offers flexibility and diversification for investors. The strategic location within the Rochester market, coupled with the presence of a major anchor tenant and significant development potential, makes Citygate an attractive proposition for discerning investors seeking a high-return, high-growth opportunity. The property's Class A designation reflects its superior quality and modern amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,843,397

  6.5%

  $2,624,674

  7%

  $2,437,198

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,010,794

  Geo Method

  $1,384,649

• Alternative Use

  Use

  Valuation

  Residential

  $2,624,674

  Hospitality

  $2,404,188

  Educational

  $2,000,256

  Medical

  $2,069,048

  Retail

  $3,111,509

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1134

Longitude

-77.6154

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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