690 Long Pond Rd - Bank FOR SALE


Greece, NY 14612
$5,900,000 USD
716-998-2943
690 Long Pond Rd, Greece, NY for Sale
$5,900,000 USD
Bank - FOR SALE
1/12
null | 5% Cap Rate

690 Long Pond Rd
Greece, NY 14612


HIGHLIGHTS

  • 2025 Deposits of $182,005,000—18% increase since 2020, 62% increase since 2015
  • Tenant pays utilities, taxes, and maintains all aspects of the premises—No landlord responsibilities
  • Building is on a corner lot next to the signalized entrance
  • Located along Long Pond Rd, a main north/south road in Greece, NY

OVERVIEW

The Chase Bank investment property located in Greece, NY, a suburb of the Rochester, NY MSA. The Chase Bank branch is located at the entrance to the Greece Business Park, a multi-tenant development. Tenants in the development include Burger King, Starbucks, Go Carwash, M&T Bank, ALDI, and University of Rochester Medical Labs medical office building. Across the street is a Wegmans-anchored neighborhood shopping center, with Pet Supplies Plus, Keybank, Brueggers Bagels, UPS Store, and several local businesses. Other retailers in the trade area include Wendy’s, Walgreens, Tractor Supply Co., McDonalds, YMCA, and several local and regional banks and credit unions. Rochester is home to a number of Fortune 1000 companies and international businesses including Eastman Kodak, Carestream Healthcare, Bausch & Lomb and Paychex. The region has what successful businesses need: a talented and competitively-priced labor pool, competitive tax incentives, and prime real estate at costs well below the national average. The region’s key industries include advanced manufacturing, food and beverage manufacturing, optics, photonics and imaging, biotech and life sciences, energy innovation and software and IT services. Rochester’s 1,500 manufacturers employ 12.5% of the local workforce. The area is known for its increasingly diverse high technology sphere encompassing STEM fields. Several of the region’s universities have renowned research programs, including the University of Rochester and the Rochester Institute of Technology. These institutions produce an educated workforce that generates cutting-edge research programs, driving the city’s innovation and technology sectors.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$1,237 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

6 AC

LAND SF

261,360 SF

ZONING

05

APN/PARCEL ID

262800-045-030-0004-020-112

ASK ABOUT THIS PROPERTY

Brian DonovanDonovan Real Estate ServicesMore Info
716-998-2943

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Brian DonovanDonovan Real Estate ServicesMore Info
716-998-2943

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