1155 Ridge Rd - Bank FOR SALE


Webster, NY 14580
$2,100,000 USD
972-755-5198
1155 Ridge Rd, Webster, NY for Sale
$2,100,000 USD
Bank - FOR SALE
1/5
null | 5.5% Cap Rate

1155 Ridge Rd
Webster, NY 14580


HIGHLIGHTS

  • Ground Lease with 10.3 Years Remaining – 15-Year Extension Executed in 2020
  • Below-Market Rent Compared to Other Banks in the NY Market – $36.46/SF
  • Signalized Hard Corner at Ridge Road & Jackson Road – 19,925 VPD, Dual Access, Ample Parking
  • Consistent Deposit Growth Over the Last Three Years – $125 Million in 2024
  • Adjacent to Major Regional Retail Hubs Serving Rochester’s Northeast Submarket
  • Affluent Trade Area in the Rochester, NY MSA – $132,154 Average Household Income Within Five Miles

OVERVIEW

Offered for sale is the opportunity to acquire a ground lease Canandaigua National Bank in Webster, NY. The property consists of a 3,168-square-foot, freestanding building that sits on approximately 1.08 acres of land. There are 10.3 years remaining on the lease with rental increases every five years. Broker of Record John Horowitz 260 Madison Ave., 5th Floor New York, NY 10016 212-430-5261 John Horowitz@marcusmillichap.com Lic.# 10311204479

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$663 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Canandaigua National Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

-

APN/PARCEL ID

265489-079-160-0001-022-004

ASK ABOUT THIS PROPERTY

Luke SullivanMarcus & MillichapMore Info
972-755-5198

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Luke SullivanMarcus & MillichapMore Info
972-755-5198

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.