Prime Development Opportunity – 10.85 Acres

507 Spencerport Road Rochester, NY 14606

507 Spencerport Road, Rochester, NY, 14606
507 Spencerport Road, Rochester, NY, 14606 507 Spencerport Road, Rochester, NY, 14606 507 Spencerport Road, Rochester, NY, 14606 507 Spencerport Road, Rochester, NY, 14606 507 Spencerport Road, Rochester, NY, 14606
FOR SALE
Property Type:
Other Land
Amount:
$700,000
Last Verified:
Jul 16, 2024

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Highlights

  • Population Density
  • Versatile Zoning
  • Centrally Located

Description

Discover a unique investment opportunity with this expansive 10.85-acre parcel located at 507 Spencerport Rd, Rochester, NY 14606. Perfectly positioned beside Colonial Plaza and behind Gates Bowl, CVS, and Advanced Auto, this land benefits from exceptional accessibility.

This property offers 10.85 acres of prime, developable land. Its central location in Rochester, just minutes from Interstate I390, I490, and the airport, ensures easy commute access for both locals and visitors. The land is surrounded by a dense population of over 270,000 residents within a 15-minute drive, providing a robust customer base.

Zoned for General Business and Neighborhood Business, the property allows for a wide range of development possibilities. Potential uses include retail centers, medical facilities, restaurants, hotels, theaters, entertainment venues like game centers, grocery stores, and more. This versatile zoning makes it ideal for various commercial ventures.

The land is strategically situated next to retail plazas, a 120-unit apartment complex, and key commercial establishments. This prime location offers high traffic and convenience, making it an attractive site for new businesses.

With its proximity to major interstates and the Rochester International Airport, this location offers unparalleled convenience. Business travelers and logistics operations will find this site particularly advantageous.

Seize this rare chance to develop a property that offers tremendous potential in a thriving location. Contact us today to learn more about this prime development opportunity at 507 Spencerport Rd, Rochester, NY 14606.

Located on Spencerport Rd just West of Long Pond Rd behind CVS and Advanced Auto Parts.

Lot Size: 10.85 acres


Documents

507 Spencerport Rd Flyer
C Site Plan.pdf
GB General Business District.pdf
NB Neighborhood Business Districts.pdf

Map of 507 Spencerport Road, Rochester, NY, 14606

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.