Former Bank w/ Parking Signalized Intersection 10-15k AADT

Investment Overview

Constructed in 1950 on a 0.53-acre parcel featuring 71 feet of Lake Avenue frontage and 287 feet of lot depth, the building offers a 6,426 RSF main footprint, a 2,059 SF unfinished basement equipped with restrooms and showers, and an upper mechanical mezzanine providing direct roof access. The brick exterior frame houses an adaptable layout, with acoustic drop ceilings masking parts of the original architecture. Two curb cuts, one on Ridgeway Avenue and one on Owen Street, serve a dedicated rear surface parking lot. With municipal water and sewer service and current C-2 zoning (proposed NMU transition), the property completed Phases 1 & 2 by LaBella Associates in 2014 (Project No. 214438); soil borings reported no contamination exceeding cleanup standards.

Area Overview

At a high-visibility intersection of Lake Avenue (10,265 AADT), Ridgeway Avenue (15,396 AADT), and West Ridge Road (36,145 AADT), the site sits less than 0.1 miles from the NY-104 (Keeler Street Expressway) interchange, which carries over 61,900 daily vehicles. This location provides rapid arterial access across Greater Rochester, linking to I-490, I-590, Downtown Rochester, and the international airport. Within a 15-minute drive of 404,610 residents averaging $85,420 in household income, the site is anchored by key economic drivers including Eastman Business Park, institutional campuses such as Aquinas Institute, and a labor pool concentrated in Healthcare (49% of area jobs) and Retail Trade (22%).

Highlights

495 Lake Avenue is a vacant, 6,426 RSF Class C commercial building with an additional 2,059 SF unfinished basement situated on a 0.53-acre parcel in Rochester, NY. Ideal for an owner-user or value-add investor seeking single-tenant or multi-tenant repositioning, the property features a triple-roadway footprint at Lake Avenue, Ridgeway Avenue, and Owen Street with over 61,000 cumulative daily traffic counts. Core investment drivers include zoning (Zoning Alignment Project update: C-2 to Neighborhood Mixed Use), which allows retail, office, medical, or residential redevelopment; a Phase I & II environmental report completed by La Bella Associates in 2014 is available; and an engineer walked the entire property and roof in November of 2026.