PENFIELD TOWN CENTERO F F E R I N G M E M O R A N D U M / / A T L A N T I C A V E A N D R O U T E 2 5 0

U N I Q U E M I X E D U S E P R O J E C T T H A T W I L L T R A N S F O R M P E N F I E L D

* P H O T O S C O N T A I N E D W I T H I N D O N O T N E C E S S A R I L Y R E P R E S E N T T H E P R O P E R T Y

2

P E N F I E L D TO W N C E N T E R

SummaryThe subject property offers a unique opportunity to create a dynamic MIXED-

USE PROJECT in the Town of Penfield, a growing suburb of Rochester in the

heart of the Finger Lakes region of New York state. Acquiring municipal consent

for a new development of this size can often be challenging, but with the Town

of Penfield proactively rezoning these parcels for mixed-use, such approvals

should be relatively easy to maintain provided the developer plans the project

within the parameters of the updated Town code. The Town seeks a variety of

residential options including high density apartment and townhomes in

conjunction with neighborhood-scale commercial uses such as medical offices

and convenience retail. A sustainable community on this site must be well-

designed to alleviate the cost and impact of increased energy use and

infrastructure at an intersection that is currently vacant farmland. Pedestrian-

friendly development emphasizing synergy and cooperation between profitable

commercial businesses, residential buildings, and open space is the goal of this

mixed-use corridor.

P R O P E R T Y N A M E

PENFIELD TOWN CENTER

L O C A T I O N

ATLANTIC AVE & ROUTE 250PENFIELD, NEW YORK 14526

Two parcels:

3283 ATLANTIC AVE & 1725 FAIRPORTNINE MILE POINT ROAD

P R I C E

$3,500,000

L O T S I Z E

TOTAL OF 35 ACRES

* $ 1 0 0 , 0 0 0 P E R A C R E

C a n b e s u b d i v e d e d

3

Mixed-UseZoning

Town of Penfield recently rezoned these two parcels for mixed-use development

Growing CommercialCorridor

Commercial development has expanded from the Route 441 retail hub towards the target intersection

1 2 3 4

5 6 7 8

Highly RatedSchool District

Located in the Webster school disctrict which is ranked 8th of 67 in the eight county region

Town of Penfield has provided a thorough mixed-use development manual offering direction and

support for developers

Strategic PositionIn County

Located on crucial north-southRoute 250 corridor connecting east

side towns and villages

High DensityCorner Parcel

Ten acre corner parcel located in high-density core allowing 4 story

development and many uses

Traffic CountIncreasing

Currently 19,820 vehicles per day on average pass through the intersection

Middle ClassDemographics

36,242 residents in town with median income of $63,223

P E N F I E L D TO W N C E N T E R

Project Highlights

Municipal SupportFor Development

4

Tenant Mix OverviewThe subject property offers an ideal home to growing families, retirees, and anyone

who desires to live in a vibrant and active community. The ten acre corner at the

intersection is intended to include high-density residential, office, and

commercial/retail uses. The ideal tenant mix would include restaurants, professional

offices, personal service businesses, retail commercial uses, hotels, and entertainment

options. The developer would also be advised to include space for schools, childcare

facilities, civic offices, and community spaces. The residents of a mixed-use project

often locate there thanks to the emphasis on walkability, social interaction, and

healthy living. A potential buyer may seek tenants in the health and wellness

industries as these businesses would be attractive to their residents.

RESOURCES

• Town of Penfield Mixed Use Development Manual: Link

• Background on Penfield’s Mixed Use District: Link

• Penfield’s Town Code: Link

5

P E N F I E L D TO W N C E N T E R

Location Details

Regional Aerial

6Site PlanProperty Outline

P E N F I E L D TO W N C E N T E R

Location Details

N

Sample

Site

Plan

7

P E N F I E L D TO W N C E N T E R

Confidentiality AgreementThis document is to be considered Marketing Material and is provided by Caliber Commercial Brokerage (“CCB”), for the consideration andopportunity to acquire the commercial property described herein (the “Property”). This Marketing Brochure may be used only as stated herein andshall not be used for any other purpose, or in any other manner, without prior written authorization and consent of CCB.

This Marketing Brochure does not constitute or pertain to an offer of a security or an offer of any investment contract. This COM containsdescriptive materials, financial information and other data compiled by CCB for the convenience of parties who may be interested in the Property.Such information is not all inclusive and is not represented to include all information that may be material to an evaluation of the acquisitionopportunity presented. CCB has not independently verified any of the information contained herein and makes no representations or warranties ofany kind concerning the accuracy or completeness. An interested party must conduct its own independent investigation and verification of anyinformation the party deems material to consideration of the opportunity, or otherwise appropriate, without reliance upon CCB.

The Property may be financed or withdrawn from the market without notice, and its owner(s) reserve(s) the right to negotiate with any number ofinterested parties at any time. The Property is offered and sold by its owner(s) as is, where is, and with all faults, without representation or warrantyof any kind except for any customary warranties of title.

BY ACCEPTING THIS COM, YOU AGREE THAT: (1) all information contained herein, and all other information you have received or may hereafterreceive from CCB relating to the Property, whether oral, written or in any other form (collectively, the “Information”), is strictly confidential; (2) youwill not copy or reproduce, and claim as your own without attribution to CCB, all or any part of this COM or the Information; (3) for yourself and allyour affiliates, officers, employees, representatives, agents and principals, you hereby release and agree to indemnify and hold harmless CCB all ofits affiliates, officers, employees, representatives, agents and principals, from and with respect to any and all claims and liabilities arising from orrelated to the receipt or use of this COM and/or any other Information concerning the Property; (4) you will not provide this COM or any of theInformation to any other party unless you first obtain such party’s acceptance and approval of all terms, conditions, limitations and agreements setforth herein, as being applicable to such party as well as to you; and (5) monetary damages alone will not be an adequate remedy for a violation ofthese terms and that CCB shall be entitled to equitable relief, including, but not limited to, injunctive relief and specific performance, in connectionwith such a violation and shall not be required to post a bond when obtaining such relief.

8

Caliber Commercial Brokerage, LCC1657 East AveRochester, NY 14610585.454.4500

T H A N K YO U !

Get in TouchWith Us

Matt LesterManaging Partner, Associate Brokermlester@caliberbrokerage.com