2050 Latta RdRochester, NY 14612

Property Details for 2050 Latta Rd

Year built

1982

Lot size

3.37 AC

Property size (Sq ft)

17,380 SF

Zone code

05 - COMMERCIAL

Property type

Strip malls

Property subtype

Neighborhood centers

APN

262800 046.13-1-13.1

APU

262800046131131

Description

This exceptional 7,247 square foot retail/office suite is located at 2050 Latta Road in Greece, NY, a high-traffic area within a thriving strip center. The property, built in 1982, boasts a single-story building totaling 17,380 square feet, divided into four suites. This particular suite offers ample space for a variety of retail or office uses, with the potential for expansion. The property sits on a 3.37-acre lot providing over 163 parking spaces, ensuring convenient access for customers and employees. The building features three-phase power, making it suitable for businesses with significant energy demands. Its prime location along Latta Road, with a high average annual daily traffic count (AADT) exceeding 23,000, guarantees exceptional visibility and accessibility. The property is zoned BR (Business District) and is situated in Greece, Monroe County, NY, the most populous town in the Rochester area, offering access to a large and engaged customer base. The property's strategic location within a strip center anchored by established businesses provides a strong foundation for success. This is a rare opportunity to establish a business in a high-traffic, high-visibility location with ample parking. The property's address is 2050 Latta Rd, Rochester, NY 14612, with the cross street being Island Cottage Rd. The parcel number is 262800-046-130-0001-013-100.

• CAP approach

  CAP return

  Valuation

  6%

  $4,125,671

  6.5%

  $3,808,312

  7%

  $3,536,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,001,269

  Geo Method

  $3,347,222

• Alternative Use

  Use

  Valuation

  Residential

  $3,212,453

  Hospitality

  $2,942,590

  Educational

  $2,448,200

  Medical

  $2,532,398

  Retail

  $3,808,312

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.2538

Longitude

-77.6663

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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