1370 Norton StRochester, NY 14621

Property Details for 1370 Norton St

Year built

1983

Lot size

0.26 AC

Property size (Sq ft)

8,400 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

261400 091.59-2-40

APU

26140009159240

Description

North Park Plaza, a 27,183 square foot Class C strip mall in Rochester, NY, presents a significant retail opportunity. Located at 1370 Norton St, 14621, this multi-tenant property sits on a 1.6-acre lot and offers a large contiguous space of 8,400 square feet, with a minimum divisible space of 2,982 square feet. Currently, 18,100 square feet is vacant, providing ample room for expansion or multiple tenants. Built in 1951 and renovated in 2014, the property benefits from a prime location in Monroe County, near major roadways like Route 104 and Rochester General Hospital. The center is anchored by a Family Dollar and features a unique former bank drive-thru with convenient access from both Norton Street and Portland Avenue. This location serves a large suburban neighborhood in Irondequoit, offering excellent access to a substantial customer base. The property's proximity to other major retailers further enhances its appeal and potential for success. This is an exceptional opportunity to establish or expand a retail presence in a thriving Rochester community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,682,010

  6.5%

  $1,552,624

  7%

  $1,441,722

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,189,484

  Geo Method

  $1,523,803

• Alternative Use

  Use

  Valuation

  Residential

  $1,552,624

  Hospitality

  $1,422,195

  Educational

  $1,183,250

  Medical

  $1,223,944

  Retail

  $1,840,611

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1878

Longitude

-77.5857

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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