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3839 W Ridge Rd 1,423 SF Retail Building Rochester, NY 14626 $900,000 ($632.47/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Located near Ridge Road West
- The property is easily accessible 3 or 4 miles from 531 Expressway.
- Located 2 miles to the nearest retail mall
- The location being a corner lot makes it easy to get in and out.
EXECUTIVE SUMMARY
Corner with traffic light. Original term expires 12-31-2022. 2 five year options 10% increase per option. 1,423 square feet.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,423 SF
Building Class
C
Year Built/Renovated
1987/2016
Price
$900,000
Price Per SF
$632.47
Cap Rate
5%
NOI
$45,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.24 AC
Zoning
05 - Business
Parking
5 Spaces (4.94 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 262800-073-040-0002-002-000 | Improvements Assessment | $79,200 |
| Land Assessment | $63,900 | Total Assessment | $143,100 |
PROPERTY TAXES
Parcel Number
262800-073-040-0002-002-000
Land Assessment
$63,900
Improvements Assessment
$79,200
Total Assessment
$143,100
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3839 W Ridge Rd
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