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3839 W Ridge Rd 1,423 sq ft Retail Property Rochester, NY 14626 £673,227 (£473.10/sq ft) 5% Net Initial Yield
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
Standalone
Property Size
1,423 sq ft
Costar Property Class
C
Year Built/Renovated
1987/2016
Price
£673,227
Price per sq ft
£473.10
Yield
5%
NOI
£33,661
Tenancy
Single
Number of Floors
1
Plot ratio
0.14
Total Plot Size
0.24 ac
Use Class
05 - Business
Parking
5 Spaces (4.94 Spaces per 1,000 sq ft Leased)
Frontage
AMENITIES
- Bus Route
- Dedicated Turn Lane
- Signage
- Signalised Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 262800-073-040-0002-002-000 | Improvements Assessment | £59,244 |
| Land Assessment | £47,799 | Total Assessment | £107,043 |
PROPERTY TAXES
Parcel Number
262800-073-040-0002-002-000
Land Assessment
£47,799
Improvements Assessment
£59,244
Total Assessment
£107,043
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3839 W Ridge Rd
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