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2003 Lyell Ave
Rochester, NY 14606
Income-Producing Multi-Tenant Asset · Retail Property For Sale
Investment Highlights
- Income-Producing Multi-Tenant Asset
- Excellent visibility with prominent frontage on Lyell Avenue and strong exposure to daily traffic
- General Business Zoning District and potential for future redevelopment opportunity
- Value-add investment opportunity with the ability to increase Net Operating Income (NOI) through lease-up & rent optimization
- Strategically positioned just off Interstate 390 near major highways, retail centers, and densely populated residential neighborhoods
- Ideal for 1031 Exchange Buyers seeking a stabilized asset with future upside
Executive Summary
FOR SALE: $625,000. The Stonegate Multi-Tenant Commercial Building is a value-add investment opportunity with excellent visibility and prominent frontage on Lyell Avenue.? Strategically positioned just off Interstate 390 near major highways, retail centers, and densely populated residential neighborhoods, this multi-tenant commercial asset creates a desirable location for commercial tenants.? The General Business Zoning District provides potential for future redevelopment opportunity, making it ideal for 1031 Exchange Buyers seeking a stabilized asset with future upside.?
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,045 SF
Building Class
C
Year Built
1980
Price
$625,000
Price Per SF
$103.39
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.85 AC
Zoning
06 - Industrial
Parking
30 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
1,000’ on Lyell Ave
Amenities
- Restaurant
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 262600 104.19-3-10.11 | Improvements Assessment | $443,300 |
| Land Assessment | $107,500 | Total Assessment | $550,800 |
Property Taxes
Parcel Number
262600 104.19-3-10.11
Land Assessment
$107,500
Improvements Assessment
$443,300
Total Assessment
$550,800
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