CCertihomes
306 E Center Street, Ridgeway, NY 14103

$165,000

0 beds 0 baths 2,209 sqft Built 19600 days on marketActive

About this home

This 2, 209 sq. ft. commercial property with an additional garage for storage offers a unique investment opportunity with a 10% cap rate. Located on one of the busiest roads in the Village of Medina, near the high-traffic intersection of East Center and Main, this property enjoys excellent visibility with a daily traffic count of 3, 044. Currently occupied by the building owner, who wishes to sell the property and lease it back, this property ensures a stable and hassle-free income stream for potential investors. The building owner is prepared to sign a Triple Net (NNN) Lease at $1, 500 per month. Flexible lease options include a 10-year lease or a 5-year lease with two additional 5-year renewal options, offering versatility and long-term stability. With its prime location and consistent foot and vehicle traffic, this property is ideally positioned to attract attention and generate reliable returns. Don’t miss this chance to secure a long-term tenant in a highly visible area of Medina. Contact us today for more information!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$2,336/mo

Real estate (PITI + HOA + PMI)
$1,592
Principal + interest$1,059
Property tax + insurance$471
PMI / 2nd mortgage$62
Utilities
$1,429
Heating + cooling$565
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$2,336/mo TLC
Budget$5,000/mo
Remaining after TLC$2,664/mo
Purchase price
$165,000
Down payment
$8,250 (5%)
Loan amount
$156,750
APR
7.15%

Quick facts

Type
COM
Style
Year built
1960
Lot size
0.2977 ac
Stories
1
Heating
HeatPump, Other, SeeRemarks, Zoned
Cooling
HeatPump, Zoned, CentralAir
Water
Public
HOA
Annual tax
$2,761
MLS #
R1613011
County
Orleans

At a glance

Air conditioning

Home features

Parking
OnSiteSurfaced
Flooring
Linoleum, Vinyl
Roof
Asphalt, Other, SeeRemarks
Sewer
PublicSewer

Lot features

Rectangular, RectangularLot

Neighborhood — 14103

MetricThis ZIPCountyUSA
Population10,63319,351,094299,088,112
Population Change Since1990-5.00%8.00%20.00%
Population Density121395
Male5,0969,381,926147,432,321
Female5,5379,969,168151,655,844
Never Married2,2954,946,39163,775,926
Married4,2197,166,701123,120,365
Separated4821,159,67312,639,686
Widowed8171,110,24515,467,586
Divorced8301,210,44823,075,029
Number Of House Hold3,8287,102,016111,826,380
Average House Hold Size2.712.642.60
Medial Age37.8236.5335.46
Median House Hold Income$38,283$49,847$48,276
Average House Hold Income$49,532$70,032$63,629
P C I$18,460$26,569$24,529
M D I$33,538$42,210$41,133
A T H E$43,426$54,185$50,898
S T R8.00%4.00%
W C J76.58%81.55%77.74%
(Zip) Code
14103

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 6/6/2025. Provided courtesy of RE/MAX Titanium LLC via Buffalo MLS. Information deemed reliable but not guaranteed.