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169-171 Flanders St - River Campus Self Storage Facility 13,300 SF Specialty Building Offered at $600,000 in Rochester, NY 14619

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INVESTMENT HIGHLIGHTS

  • Ideally located near the University of Rochester’s River Campus
  • Great Value-Add Potential with Onsite Managment
  • Turnkey Operation
  • 24/7 Security & Secure Entry
  • Vertically Integrated Facility Management

EXECUTIVE SUMMARY

Benchmark Realty Advisors is pleased to exclusively present River Campus Storage, a premier climate controlled self-storage facility in Rochester, NY. This property offers an exceptional investment opportunity with a robust client base, modern amenities, and a prime location near the University of Rochester. The property was built out in 2018 to offer 115 climate controlled units over two floors, with a total of 8,675 Net Rentable Square Feet. Size of units range from small lockers (5x5), to large storage spaces (14x19), plus outside parking spots accommodating a variety of storage needs. Onsite leasing office, 24/7 video surveillance, electronic gate code access, and a well-lit premises ensures the safety and peace of mind for all tenants. HVAC updated in 2017/18 including (2) new electric furnaces, and (6) dual-zone mini split systems. This property offers newcomers to the self storage industry potential to finance with an SBA loan with only 10% down. Value add potential with site expansion, or securing the parking area to accommodate secured parking at the building.
• Value Add: Strong pro forma potential with expert, onsite management of the facility.
• Turnkey Operation: Fully operational, this facility represents a turnkey opportunity for both seasoned investors and newcomers to the self-storage industry to hold the keys to a great business, and real estate opportunity.
• Growth Opportunity: Potential for expansion and additional services such as packing supplies and truck rentals to increase revenue.
• Proximity to River Campus: Ideally located near the University of Rochester’s River Campus, attracting students, faculty, and local residents needing extra storage space.

PROPERTY FACTS

Price $600,000
Price Per SF $45.11
Sale Type Investment or Owner User
Property Type Specialty
Property Subtype Self-Storage
Building Class B
Lot Size 0.56 AC
Building Size 13,300 SF
No. Stories 2
Year Built/Renovated 1917/2018
Parking Ratio 2.63/1,000 SF
Zoning Commercial - C-1 Neighborhood Center - also located in an O-A Overlay Airport District

AMENITIES

  • Signage
  • Air Conditioning
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
261400-135-240-0001-007-000-0000
Land Assessment
$62,400
Improvements Assessment
$336,600
Total Assessment
$399,000
  • Listing ID: 32654787

  • Date on Market: 8/1/2024

  • Last Updated:

  • Address: 169-171 Flanders St, Rochester, NY 14619

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