1597 Ridge RdRochester, NY 14615

Property Details for 1597 Ridge Rd

Year built

1989

Lot size

0.26 AC

Property size (Sq ft)

5,400 SF

Zone code

05 - COMMERCIAL

Property type

Office buildings

APN

262800 074.20-3-4

APU

2628000742034

Description

This exceptional 1.49-acre redevelopment opportunity in Rochester, NY, presents a unique chance to capitalize on a prime commercial location. Situated at 1597 W Ridge Rd, 14615, this 5,400 square foot storefront property boasts a 100% occupancy rate and is zoned for commercial use. The property is currently configured as a multi-tenant retail space with a ground lease in place, offering flexibility for various redevelopment scenarios. Its strategic location along West Ridge Road, a major retail corridor in Greece, ensures high visibility and accessibility. The site benefits from proximity to Interstate 390 and the Mall at Greece Ridge, within one mile, guaranteeing substantial foot and vehicle traffic exceeding 48,800 vehicles per day. Furthermore, the potential for traffic signal access enhances the property's appeal. This versatile site is ideal for a variety of uses, including retail and office spaces, making it an attractive investment for developers seeking a high-traffic, well-located asset in a thriving commercial area. The property's existing infrastructure and high occupancy rate provide a solid foundation for future development and growth. This is a truly exceptional opportunity to acquire a prime piece of commercial real estate in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $872,010

  6.5%

  $804,932

  7%

  $747,437

• Comparable approach

  Method

  Valuation

  Relative Method

  $493,334

  Geo Method

  $339,714

• Alternative Use

  Use

  Valuation

  Residential

  $998,116

  Hospitality

  $914,268

  Educational

  $760,661

  Medical

  $786,821

  Retail

  $1,183,250

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.2053

Longitude

-77.6702

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].