Acquire Below Replacement Cost & Redevelop 486-494 E Ridge Rd Bureau 3 327 m² À vendre Rochester, NY 14621 1 679 067 € (504,73 €/m²)

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.