3101 Ridge RdGreece, NY 14626

Property Details for 3101 Ridge Rd

Year built

1982

Lot size

0.43 AC

Property size (Sq ft)

4,787 SF

Zone code

05 - COMMERCIAL

Property type

Office buildings

APN

262800 074.13-3-24.2

APU

262800074133242

Description

This exceptional 8,500 square foot office building, located at 3101 W Ridge Rd in Greece, NY, presents a prime investment opportunity for owner-users. The property, built in 1981, is a Class B, two-story building situated on a 0.76-acre lot. The asking price is $600,000, translating to $70.59 per square foot. The building offers versatile space suitable for creative, medical, or traditional office uses. Approximately 4,000 square feet on the second floor is move-in ready, while the first floor presents potential for income generation or owner-occupancy. The property boasts a history of medical tenants and benefits from significant existing infrastructure, including 35+ parking spaces and various security measures. Further enhancing its value, the building features a generator and a roof replaced in 2017. The property is zoned 05 and is being offered for sale by owner. This is a rare opportunity to acquire a well-maintained, strategically located office building with significant upside potential. The property's prominent Ridge Road location ensures high visibility and accessibility. Serious inquiries are encouraged to explore this exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $773,020

  6.5%

  $713,557

  7%

  $662,589

• Comparable approach

  Method

  Valuation

  Relative Method

  $437,332

  Geo Method

  $301,150

• Alternative Use

  Use

  Valuation

  Residential

  $884,811

  Hospitality

  $810,482

  Educational

  $674,312

  Medical

  $697,502

  Retail

  $1,048,929

Location Insight

City

Greece

County

Monroe

State

New York

Latitude

43.2096

Longitude

-77.7113

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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