548 Lake AveRochester, NY 14613

Property Details for 548 Lake Ave

Year built

1953

Lot size

0.22 AC

Property size (Sq ft)

1,132 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

261400 105.35-3-15

APU

26140010535315

Description

This exceptional investment opportunity presents a freestanding block building situated at 548 Lake Avenue in Rochester, New York. The property boasts a substantial 1,132 square feet of space, perfect for a variety of commercial ventures. Its strategic location directly across from a Popeye's Chicken restaurant ensures high visibility and foot traffic, making it an ideal spot for a business seeking maximum exposure. The building also includes a full basement, offering ample storage or potential for expansion. The lot size is 0.21 acres, providing sufficient space for parking or outdoor activities. The asking price for this property is $700,000. This is a building-only sale

• CAP approach

  CAP return

  Valuation

  6%

  $211,628

  6.5%

  $195,349

  7%

  $181,396

• Comparable approach

  Method

  Valuation

  Relative Method

  $105,486

  Geo Method

  $88,242.40

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $394,876

  Retail / Commercial

  $198,893

  Hospitality / Lodging

  $139,631

  Office

  $191,236

  Institutional / Educational

  $202,071

  Residential Income

  $236,423

  Multifamily

  $299,269

  Automotive / Energy

  $173,204

  Parking / Income-Based Land

  $62,571.20

  Restaurant / Food Service

  $95,552.60

  Healthcare / Senior Housing

  $203,234

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.175

Longitude

-77.6292

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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