Webster Commercial Opportunity | 602 Ridge Rd
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Webster Commercial Opportunity 602 Ridge Rd
9,873 SF Vacant Retail Building Webster, NY 14580 $350,000 ($35/SF)
Executive Summary
Prime Redevelopment Opportunity in Webster NY
Positioned on a highly visible corner at 602 Ridge Rd, this 9,000+ square-foot former restaurant space, previously known as the Jade Palace, offers extensive potential for transformation into a restaurant, banquet center, or versatile commercial, retail, or office development. The property, zoned as MC (Medium-Intensity Commercial), sits on approximately 1.4 acres, providing ample parking. This prime location can accommodate a wide range of uses, such as restaurants, medical clinics, and recreational facilities, making it an attractive investment for developers looking to capitalize on West Webster’s growth.
Adding further value to this opportunity, the adjacent vacant parcel at 1016 Mura Lane (0.96 acres) is also available for purchase separately for $125,000, offering expanded possibilities for site development.
The Town of Webster is actively seeking partners for the redevelopment/rehabilitation of properties within the West Webster Hamlet to accompany the Town’s pending application for Restore NY funding assistance from New York State. The Town will be submitting its funding request by December 20, 2024, and would like to identify potential partners as soon as possible. For more information contact Josh Artuso at the Town of Webster Department of Community Development. https://www.websterny.gov/611/West-Webster-Hamlet
Whether reimagined as a dining destination, community space, or office complex, this property is poised to contribute to the growing commercial landscape of West Webster. Don’t miss the chance to shape the future of this dynamic area.
Positioned on a highly visible corner at 602 Ridge Rd, this 9,000+ square-foot former restaurant space, previously known as the Jade Palace, offers extensive potential for transformation into a restaurant, banquet center, or versatile commercial, retail, or office development. The property, zoned as MC (Medium-Intensity Commercial), sits on approximately 1.4 acres, providing ample parking. This prime location can accommodate a wide range of uses, such as restaurants, medical clinics, and recreational facilities, making it an attractive investment for developers looking to capitalize on West Webster’s growth.
Adding further value to this opportunity, the adjacent vacant parcel at 1016 Mura Lane (0.96 acres) is also available for purchase separately for $125,000, offering expanded possibilities for site development.
The Town of Webster is actively seeking partners for the redevelopment/rehabilitation of properties within the West Webster Hamlet to accompany the Town’s pending application for Restore NY funding assistance from New York State. The Town will be submitting its funding request by December 20, 2024, and would like to identify potential partners as soon as possible. For more information contact Josh Artuso at the Town of Webster Department of Community Development. https://www.websterny.gov/611/West-Webster-Hamlet
Whether reimagined as a dining destination, community space, or office complex, this property is poised to contribute to the growing commercial landscape of West Webster. Don’t miss the chance to shape the future of this dynamic area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,873 SF
Building Class
C
Year Built
1950
Price
$350,000
Price Per SF
$35
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.16
Land Acres
1.40 AC
Zoning
MC - Medium Commercial
Parking
60 Spaces (6.08 Spaces per 1,000 SF Leased)
Frontage
109 FT on Ridge Rd
Amenities
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
6800 SF former Restaurant/Bar that is waiting for the next user. Bring your ideas! Owner is open to leasing existing building or demolishing and doing a Build to Suit. Event Space, Restaurant, Medical, Office-Anything is possible. Lease Rate is negotiable.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 6,802 SF | Retail | - | Now |
1st Floor
| Size |
| 6,802 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
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1st Floor
| Size | 6,802 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
6800 SF former Restaurant/Bar that is waiting for the next user. Bring your ideas! Owner is open to leasing existing building or demolishing and doing a Build to Suit. Event Space, Restaurant, Medical, Office-Anything is possible. Lease Rate is negotiable.
PROPERTY TAXES
| Parcel Number | 265489-078-200-0001-016-000 | Improvements Assessment | $31,201 |
| Land Assessment | $143,800 | Total Assessment | $175,001 |
PROPERTY TAXES
Parcel Number
265489-078-200-0001-016-000
Land Assessment
$143,800
Improvements Assessment
$31,201
Total Assessment
$175,001
-
Christopher Passero -
Passero Realty Services LLC
1 of 54
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Webster Commercial Opportunity | 602 Ridge Rd
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