Share This Listing

Message

919 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Turnkey Former Bank at Lighted Intersection 1495 Lake Ave 8,485 SF Vacant Retail Building Online Auction Sale Rochester, NY 14615

Counterbid
{{Auction.FormattedText.CounterbidText}}
{{Auction.FormattedAuctionTitleText}}
{{Auction.FormattedAuctionTitleText2}}
37 DAYS d
:
I
07 HRS h
:
I
36 MIN m
:
I
30 SEC s
Auction Starts
39 DAYS d
:
I
07 HRS h
:
I
36 MIN m
:
I
30 SEC s
Auction Ends
Finalizing
{{Auction.FormattedStartingBid}}
Starting Bid
{{Auction.FormattedCurrentBid}}
{{Auction.FormattedCurrentBidText}}
{{Auction.FormattedCurrentPurchasePrice}}
{{Auction.FormattedText.CurrentPurchasePriceText}}
{{Auction.FormattedBidIncrement}}
Bid Increment
{{Auction.BidIncrementLoweredText}}
{{Auction.BidderRegistrationStatus}}
{{Auction.FormattedText.BidderRegistrationStatusLabel}}
{{Auction.FormattedReserveText}}
{{Auction.FormattedReserveLabelText}}
228,110
Total Views
Your registration has been denied. Please contact Help Center at 888-770-7332 for more information.
You will receive an email confirmation upon approval

{{Auction.Status}}

{{Auction.FormattedText.BidderBidRejectedWarningText}}
{{Auction.FormattedText.BidderBidLimitExceededWarningText}}
{{Auction.FormattedText.BidderBidLimitWarningText}}
{{Auction.FormattedText.NextBidLowerPurchasePriceText}}
Your Bid Limit: {{Auction.Registration.BidLimitAmtFormatted}} {{Auction.FormattedText.NoBidLimitText}}
Min Bid is {{Auction.FormattedNextBid}}
{{Auction.FormattedStartingBid}}
Starting Bid
{{Auction.FormattedBidIncrement}}
Bid Increment
{{Auction.BidIncrementLoweredText}}
{{Auction.FormattedReserveText}}
{{Auction.FormattedReserveLabelText}}
You have won the auction! Please check your email for next steps from the Contracts & Closing Team. The sale of this asset is subject to seller approval. Please check your email for next steps from the Contracts & Closing Team.
{{Auction.FormattedText.RealTimeText }}
{{Auction.FormattedText.RealTimeTextDisconnected }}
{{Auction.FormattedText.RealTimeText }}
{{Auction.FormattedText.RealTimeTextConnected }}
{{Auction.FormattedText.CurrentHighestBidderText}}
The bid amount you entered is less than the next minimum bid amount, please try again
Confirm your bid amount of
{{Auction.BidAmount}}
Matterport 3D Tour

Save this listing!

Favourite this listing to get notified of price updates, new media and more

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

Discover a blank canvas opportunity at 1495 Lake Avenue for investors seeking their next development opportunity, or owner/users searching for an adaptable space for their business.

This former bank building features classic architectural elements, including a simple brick façade and distinguished arch detailing with columns. Constructed in 1950 and renovated in 1998, the property remains a prominent component of Rochester, New York’s commercial sector. The building offers 8,485 square feet on a single level, creating an efficient floor plan. Situated on 0.53 acres, it includes private parking at the rear of the premises. Zoned C-2 within Rochester, the property is well-positioned for investors, as this designation allows for diverse commercial development along major transportation corridors. The district encourages a mixed-use, pedestrian-oriented urban environment with buildings designed to interact with the street, supporting community-level activity rather than exclusively large-scale regional commerce. Permitted uses typically include live-work spaces, bed and breakfasts, animal hospitals, places of worship, retail sales and service establishments, as well as bars, restaurants, and banquet facilities. This property presents buyers with considerable flexibility for future use.

Rochester is a city situated on the border of New York and Maine. This prominently positioned site within Rochester offers high visibility and serves as an attractive option for buyers, investors, and developers. The property benefits from substantial traffic flow, with approximately 20,517 vehicles passing daily. The area is surrounded by a densely populated suburban community and provides convenient access to amenities, including grocery stores, retail outlets, restaurants, and more. The downtown district, located to the south, is easily accessible and supports pedestrian activity.

Rochester offers a distinguished environment for investment within the New York market. The city hosts prominent organizations such as Kodak, Xerox, Paychex Inc., and the University of Rochester Medical Center, all of which contribute significantly to local employment. The area boasts more than 388,000 employees within a 10-mile radius. With its robust infrastructure and collaborative business community, Rochester continues to attract new entrepreneurs and established companies alike.

Property tours are available by appointment only. Please contact the listing broker to schedule.

MATTERPORT 3D TOUR

Matterport Tour

DATA ROOM Click Here to Access

MARKET ANALYTICS Click Here to Access

{{summary.v}}

{{summary.t}}

{{headerValue}}
{{rowValue.t}}
{{rowValue.to}}
{{rowValue.l}}
{{rowValue.h}}

{{summary.v}}

{{summary.t}}

{{headerValue}}
{{rowValue.t}}
{{rowValue.a}}
{{rowValue.l}}
{{rowValue.h}}
{{rowValue.m}}

Market Sale Price per SF

Rochester - NY USA

Market Cap Rate

Rochester - NY USA

Market Sale Price per SF by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Cap Rate by Star Rating

1 - 2 Star

3 Star

4 - 5 Star

Market Sale Price per SF Distribution

Market Cap Rate Distribution

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,485 SF
Building Class
C
Year Built/Renovated
1950/1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
0.53 AC
Opportunity Zone
Yes
Parcel Number
261400-090-430-0003-054-000-0000
Zoning
C-2
Parking
40 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
71’ on Lake Ave

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2024 Population
19,400
140,289
328,253
2020 Population
19,700
142,744
334,608
2029 Population
19,116
138,179
323,191
2024-2029 Projected Population Growth
-1.5%
-1.5%
-1.5%
Daytime Employees
4,244
90,401
234,563
Total Businesses
586
8,500
21,268
Average Household Income
$56,200
$57,242
$68,100
Median Household Income
$40,962
$42,487
$51,753
Total Consumer Spending
$174.3M
$1.3B
$3.5B
Median Age
35.7
36.3
37.8
2024 Households
8,047
57,952
144,795
Percent College Degree or Above
11%
12%
16%
Average Home Value
$145,356
$141,629
$163,654
$ values in USD

NEARBY MAJOR RETAILERS

Tim Hortons
Powerhouse Gym
Sunbelt Rentals
Rent-A-Center
The YMCA

SALE ADVISOR

SALE ADVISOR

Richard Altier, Associate Broker, Partner
Rick Altier brings a wealth of experience and leadership to Caliber. He has executive experience on both sides of the commercial real estate table, uniquely positioning him to specialize in site searches and property development.

He began his career in the family business - shoes. Altier’s Shoes was known for its quality products, customer service, employee training and community involvement. As President, Rick was responsible for day-to-day store operations and all aspects of company management.

So where does real estate fit in?

An interest in health & wellness introduced Rick to the needs of medical tenancies. This lead to an expanding role in site selection, joint venture partnerships, business development - in short commercial real estate.

Rick is a graduate of McQuaid Jesuit High School and SUNY Geneseo.  He plays golf and hockey and enjoys time with his grandchildren.

ABOUT THE AUCTION TECHNOLOGY

Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More

AUCTION CONTACT

Kevin Loudy
Auctioneer License: Ten-X, Inc. Vibhav Kapila RE Brkr 10991231490
  • Listing ID: 33157222

  • Date on Market: 2025-12-18

  • Last Updated:

  • Address: 1495 Lake Ave, Rochester, NY 14615

3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}