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Faits saillants de l'investissement
- The asset is being sold at a favorable price per square foot — undoubtedly over 2x to 3x below replacement
- Site offers potential for residential redevelopment such as senior housing or assisted living
- The property’s versatile location and cost basis both allow for multiple potential redevelopment/re-tenanting strategies
- The site’s accessibility to Route 104 and the greater Rochester expressway network enhances connectivity
Résumé de l'annonce
Endeavor Real Estate Group is pleased to exclusively offer for sale the 100% fee simple interest in 490 East Ridge Road (“the Property”), an outstanding commercial asset located in the center of Irondequoit, New York, one of the Rochester area’s most established and densely populated suburbs.
This opportunity represents the ability to acquire a well-located, highly visible building along one of Irondequoit’s primary retail corridors — positioned among national tenants, daily conveniences, and a strong residential base that supports steady year-round activity.
490 East Ridge Road sits prominently along East Ridge Road (Route 404), a major east–west thoroughfare with strong traffic counts and direct access to Route 104, providing exceptional visibility and connectivity to surrounding communities. The property is situated within a well-developed commercial corridor that includes retail, service, and professional uses, making it ideally suited for a variety of future applications, including a redevelopment of the building, which offers efficient layouts, ample on-site parking, and direct street frontage, creating flexibility for both investors and end-users.
With its strong physical fundamentals and adaptable configuration, the asset is well-positioned for repositioning or redevelopment into a range of uses, including retail, mixed-use, medical office, or residential concepts such as senior or assisted living. Supported by Irondequoit’s favorable demographics, growing demand for modern housing, and proximity to major amenities, 490 East Ridge Road represents a compelling investment opportunity with both near-term functionality and long-term redevelopment upside in one of Monroe County’s most enduring suburban markets.
This opportunity represents the ability to acquire a well-located, highly visible building along one of Irondequoit’s primary retail corridors — positioned among national tenants, daily conveniences, and a strong residential base that supports steady year-round activity.
490 East Ridge Road sits prominently along East Ridge Road (Route 404), a major east–west thoroughfare with strong traffic counts and direct access to Route 104, providing exceptional visibility and connectivity to surrounding communities. The property is situated within a well-developed commercial corridor that includes retail, service, and professional uses, making it ideally suited for a variety of future applications, including a redevelopment of the building, which offers efficient layouts, ample on-site parking, and direct street frontage, creating flexibility for both investors and end-users.
With its strong physical fundamentals and adaptable configuration, the asset is well-positioned for repositioning or redevelopment into a range of uses, including retail, mixed-use, medical office, or residential concepts such as senior or assisted living. Supported by Irondequoit’s favorable demographics, growing demand for modern housing, and proximity to major amenities, 490 East Ridge Road represents a compelling investment opportunity with both near-term functionality and long-term redevelopment upside in one of Monroe County’s most enduring suburban markets.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Bureau
Sous-type de propriété
Médical
Taille du bâtiment
35 808 pi²
Classe d’immeuble
B
Année de construction
1989
Location
Unique
Hauteur du bâtiment
2 étages
Superficie de plancher typique
17 904 pi²
Dalle à dalle
9’
Coefficient d’occupation des sols de l’immeuble
0,33
Taille du lot
2,50 AC
Zonage
C
Stationnement
190 places (5,31 places par 1 000 pi² loué)
Commodités
- Ligne d'autobus
- Affichage
1 1
Moyennement praticable à pied
70/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun relativement accessibles
40/100
Moyennement praticable en vélo
60/100
Impôts fonciers
| Numéro de lot | 263400-091-060-0004-056-000 | Évaluation des bâtiments | 3 387 511 $ CAD |
| Évaluation du terrain | 557 088 $ CAD | Évaluation totale | 3 944 600 $ CAD |
Impôts fonciers
Numéro de lot
263400-091-060-0004-056-000
Évaluation du terrain
557 088 $ CAD
Évaluation des bâtiments
3 387 511 $ CAD
Évaluation totale
3 944 600 $ CAD
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Vidéos
Visite extérieure 3D Matterport
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Vue depuis la rue
Rue
Carte
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Présenté par
490 East Ridge Road | 486-494 E Ridge Rd
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