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Turnkey Former Bank at Lighted Intersection 1495 Lake Ave 8,485 SF Retail Building Rochester, NY 14615 $399,900 ($47.13/SF)
Investment Highlights
- Take advantage of this former bank building situated at a prominent corner location in Rochester, New York.
- Delivered completely vacant, this property offers investors a turnkey opportunity and broad zoning, boding well for future plans.
- Located for convenience in northern Rochester just off Ridge Road, which connects to New York State Routes 390 and 590.
- Just a quick drive to retailers like Walmart Supercenter, Wegmans, Tim Hortons, Chick-fil-A, The Home Depot, and more.
Executive Summary
**Pending Bank Foreclosure** This 6,426 SF building located at the intersection of Lake Ave, Ridgeway Ave & W Ridge Rd presents an exceptional opportunity for retail or office investment. The spacious layout offers flexibility for a variety of uses, whether as a retail storefront, office building, or a combination of both. The structure’s design allows for efficient space utilization, with ample room for customization to suit business needs. Built with durability in mind, the property offers a solid foundation for long-term occupancy or redevelopment. With its versatile layout and ample square footage, this property is an ideal choice for investors looking to establish or expand their presence in the Rochester market.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,485 SF
Building Class
C
Year Built/Renovated
1950/1998
Price
$399,900
Price Per SF
$47.13
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.53 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
40 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
71’ on Lake Ave
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 261400-090-430-0003-054-000-0000 | Improvements Assessment | $703,500 |
| Land Assessment | $96,500 | Total Assessment | $800,000 |
Property Taxes
Parcel Number
261400-090-430-0003-054-000-0000
Land Assessment
$96,500
Improvements Assessment
$703,500
Total Assessment
$800,000
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Turnkey Former Bank at Lighted Intersection | 1495 Lake Ave
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