486-494 E Ridge Rd - Medical FOR SALE


Rochester, NY 14621- Outer Irondequoit
$1,950,000 USD
585-727-5313
486-494 E Ridge Rd, Rochester, NY for Sale
$1,950,000 USD
Medical - FOR SALE
1/6
null | Request Cap Rate

486-494 E Ridge Rd
Rochester, NY 14621
Outer Irondequoit


HIGHLIGHTS

  • The asset is being sold at a favorable price per square foot — undoubtedly over 2x to 3x below replacement cost
  • Site offers potential for residential redevelopment such as senior housing or assisted living
  • The property’s versatile location and cost basis allow for multiple potential redevelopment/re-tenanting strategies
  • The site’s accessibility to Route 104 and the greater Rochester expressway network enhances connectivity

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$54 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rochester Mental Health Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

190

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

C

APN/PARCEL ID

263400-091-060-0004-056-000

ASK ABOUT THIS PROPERTY

James BuckleyEndeavor Real Estate GroupMore Info
585-727-5313

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James BuckleyEndeavor Real Estate GroupMore Info
585-727-5313

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