Westmar Plaza — Sale in Rochester, NY

  • Price: $495K
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Rochester, NY 14624
  • Size: 138,358 SF

Description

138,358 SF mixed-use center is situated on 14.49 acres along Buffalo Road in Rochester, NY. The retail component of the Property totals 76,354 SF (55% GLA) and is 89% leased to 14 tenants, including Hertz, M&T Bank, UPS, and the University of Rochester. The balance of the site has been repositioned as an Extra Space Self-Storage facility totaling 62,004 SF / 653 Units (45% GLA), which is currently in lease-up phase. Westmar Plaza provides investors with the opportunity to acquire a cash flowing mixed-use property at an attractive basis, with upside in the ability to stabilize the self-storage income providing optionality for potential recapitalization or spin-off (subject to subdivision or condominium approval).

Market Context

This retail in Rochester, NY is listed for sale at $495,000 across 138,358 SF ($4/SF). It has been on the market for 239 days. Compare it against other retail listings for sale in Rochester, NY — view the full market.

Contact

  • Christopher D. Giunta — Real Estate Salesperson - Pyramid Brokerage
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