Historical Office Sale Listing - Canal Park

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Canal Park

30, 91 & 121 Erie Canal Drive, Rochester, NY 14626

N/A

24,448 SF | Office

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121 Erie Canal Drive

Office Property - Off Market

Price:
N/A
Building Size:
24,448 SF
Property Type:
Office
Property Sub-type:
Office-Business Park
Additional Sub-types:
Office Building
Institutional/
Governmental
Medical Office
Property Use Type:
Investment
Commission Split:
3%
Occupancy:
50%
No. Stories:
1
Building Class:
B
Tenancy:
Multiple
Year Built:
1990
Lot Size:
2.97 AC
APN / Parcel ID:
89.03-4-10, -13 & -14
Listing ID
14996962
Last Updated
over 1 year ago

Highlights

  • HUGH UPSIDE POTENTIAL
  • All Triple Net Leases
  • 1-Story on Slab with no Common Building Area
  • Buildings could be sold INDIVIDUALLY
  • BUY, STABILIZE AND SELL OR HOLD
  • Avg Rent is $11.82/sq.ft. TRIPLE NET

Description

HUGH UPSIDE POTENITAL!!! REO Property, 50% occupied, triple net leases, no common building area, excellent location in suburb of Rochester, NY. The property consists of three, 1-story, wood frame, multiple tenant office buildings built in 1990 on slab. Each building is on its own site and could be sold separately, although they are offered in bulk for this listing. Total rentable and gross building area is 24,448 sq.ft. with a total site area of 2.97 acres. Each building has its own paved parking lot. All units have exterior entrances, no common building area.

The property is located in Canal Park, a suburban office park, on the south side of Ridgeway Avenue just west of the intersection to Long Pond Road in the southeastern quadrant of the Town of Greece. Access to I-390, the primary north/south expressway for the area, is one mile to the east via Ridgeway Avenue. Canal Ponds Business Park, one of the largest business parks in the Rochester metropolitan market is located just east of the subject. Canal Ponds comprises mostly big box office, industrial and retail users including IBM, Johnson & Johnson, Gannett Rochester Newspapers and a new BJ' s Wholesale Club. North of the subject is the Park Ridge Hospital Campus. Further to the north is the Greece Ridge Center, a 1.6 million square foot regional mall, and the primary commercial district along West Ridge Road. Other uses surrounding the subject include dense residential development, the Erie Canal and some vacant undeveloped land.

Map of 30, 91 & 121 Erie Canal Drive, Rochester, NY 14626 (Monroe County)

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