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486-494 E Ridge Rd
Rochester, NY 14621
Rochester Mental Health Center · Bureau Propriété À vendre


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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 cost
- The property’s versatile location and cost basis allow for multiple potential redevelopment/re-tenanting strategies
- Site offers potential for residential redevelopment such as senior housing or assisted living
- The site’s accessibility to Route 104 and the greater Rochester expressway network enhances connectivity
Résumé de l'annonce
This opportunity offers the acquisition of a 35,808-square-foot medical office property situated on approximately 2.50 acres with 190 parking spaces. Constructed in 1989 and configured as a two-story, single-tenant building, the asset provides an established commercial presence with on-site signage and access to public transit via a nearby bus line.
The offering presents a compelling value proposition, with a purchase basis that is significantly below estimated replacement cost. This pricing dynamic creates flexibility for investors, owner-users, healthcare operators, and redevelopment groups seeking to reposition an existing asset while benefiting from existing building infrastructure and site improvements.
The property's commercial zoning, substantial parking field, and versatile layout support a range of future strategies. In addition to continued medical or office occupancy, the site may present potential for residential redevelopment concepts, including senior housing or assisted living, subject to buyer due diligence, zoning review, and municipal approvals. The combination of building scale, parking capacity, and site configuration creates opportunities for adaptive reuse, re-tenanting, or long-term redevelopment planning.
Strategically located with convenient access to Route 104 and the greater Rochester expressway network, the property benefits from regional connectivity throughout Monroe County and the surrounding Rochester metropolitan area. This accessibility enhances convenience for employees, residents, patients, and visitors while supporting a broad
range of potential future uses.
For investors seeking a well-located asset with multiple value-creation pathways, the property combines an attractive cost basis, existing improvements, redevelopment potential, and strong transportation access within an established commercial corridor.
The offering presents a compelling value proposition, with a purchase basis that is significantly below estimated replacement cost. This pricing dynamic creates flexibility for investors, owner-users, healthcare operators, and redevelopment groups seeking to reposition an existing asset while benefiting from existing building infrastructure and site improvements.
The property's commercial zoning, substantial parking field, and versatile layout support a range of future strategies. In addition to continued medical or office occupancy, the site may present potential for residential redevelopment concepts, including senior housing or assisted living, subject to buyer due diligence, zoning review, and municipal approvals. The combination of building scale, parking capacity, and site configuration creates opportunities for adaptive reuse, re-tenanting, or long-term redevelopment planning.
Strategically located with convenient access to Route 104 and the greater Rochester expressway network, the property benefits from regional connectivity throughout Monroe County and the surrounding Rochester metropolitan area. This accessibility enhances convenience for employees, residents, patients, and visitors while supporting a broad
range of potential future uses.
For investors seeking a well-located asset with multiple value-creation pathways, the property combines an attractive cost basis, existing improvements, redevelopment potential, and strong transportation access within an established commercial corridor.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Bureau
Sous-type de propriété
Médical
Taille du bâtiment
35 808 pi²
Classe d’immeuble
B
Année de construction
1989
Prix
2 704 513 $ CAD
Prix par pi²
75,53 $ CAD
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 - Commercial
Stationnement
190 places (5,31 places par 1 000 pi² loué)
Impôts fonciers
| Numéro de lot | 263400-091-060-0004-056-000 | Évaluation des bâtiments | 3 457 436 $ CAD |
| Évaluation du terrain | 568 588 $ CAD | Évaluation totale | 4 026 024 $ CAD |
Impôts fonciers
Numéro de lot
263400-091-060-0004-056-000
Évaluation du terrain
568 588 $ CAD
Évaluation des bâtiments
3 457 436 $ CAD
Évaluation totale
4 026 024 $ CAD
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