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Rochester Mental Health Center 486-494 E Ridge Rd 35,808 SF Office Building Rochester, NY 14621 $1,950,000 ($54.46/SF)



Investment Highlights
- The asset is being sold at a favorable price per square foot — undoubtedly over 2x to 3x below replacement cost
- The property’s versatile location and cost basis allow for multiple potential redevelopment/re-tenanting strategies
- Site offers potential for residential redevelopment such as senior housing or assisted living
- The site’s accessibility to Route 104 and the greater Rochester expressway network enhances connectivity
Executive Summary
This opportunity offers the acquisition of a 35,808-square-foot medical office property situated on approximately 2.50 acres with 190 parking spaces. Constructed in 1989 and configured as a two-story, single-tenant building, the asset provides an established commercial presence with on-site signage and access to public transit via a nearby bus line.
The offering presents a compelling value proposition, with a purchase basis that is significantly below estimated replacement cost. This pricing dynamic creates flexibility for investors, owner-users, healthcare operators, and redevelopment groups seeking to reposition an existing asset while benefiting from existing building infrastructure and site improvements.
The property's commercial zoning, substantial parking field, and versatile layout support a range of future strategies. In addition to continued medical or office occupancy, the site may present potential for residential redevelopment concepts, including senior housing or assisted living, subject to buyer due diligence, zoning review, and municipal approvals. The combination of building scale, parking capacity, and site configuration creates opportunities for adaptive reuse, re-tenanting, or long-term redevelopment planning.
Strategically located with convenient access to Route 104 and the greater Rochester expressway network, the property benefits from regional connectivity throughout Monroe County and the surrounding Rochester metropolitan area. This accessibility enhances convenience for employees, residents, patients, and visitors while supporting a broad
range of potential future uses.
For investors seeking a well-located asset with multiple value-creation pathways, the property combines an attractive cost basis, existing improvements, redevelopment potential, and strong transportation access within an established commercial corridor.
The offering presents a compelling value proposition, with a purchase basis that is significantly below estimated replacement cost. This pricing dynamic creates flexibility for investors, owner-users, healthcare operators, and redevelopment groups seeking to reposition an existing asset while benefiting from existing building infrastructure and site improvements.
The property's commercial zoning, substantial parking field, and versatile layout support a range of future strategies. In addition to continued medical or office occupancy, the site may present potential for residential redevelopment concepts, including senior housing or assisted living, subject to buyer due diligence, zoning review, and municipal approvals. The combination of building scale, parking capacity, and site configuration creates opportunities for adaptive reuse, re-tenanting, or long-term redevelopment planning.
Strategically located with convenient access to Route 104 and the greater Rochester expressway network, the property benefits from regional connectivity throughout Monroe County and the surrounding Rochester metropolitan area. This accessibility enhances convenience for employees, residents, patients, and visitors while supporting a broad
range of potential future uses.
For investors seeking a well-located asset with multiple value-creation pathways, the property combines an attractive cost basis, existing improvements, redevelopment potential, and strong transportation access within an established commercial corridor.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
35,808 SF
Building Class
B
Year Built
1989
Price
$1,950,000
Price Per SF
$54.46
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
17,904 SF
Slab To Slab
9’
Building FAR
0.33
Lot Size
2.50 AC
Zoning
C - Commercial
Parking
190 Spaces (5.31 Spaces per 1,000 SF Leased)
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Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 263400-091-060-0004-056-000 | Improvements Assessment | $2,447,500 |
| Land Assessment | $402,500 | Total Assessment | $2,850,000 |
Property Taxes
Parcel Number
263400-091-060-0004-056-000
Land Assessment
$402,500
Improvements Assessment
$2,447,500
Total Assessment
$2,850,000
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Rochester Mental Health Center | 486-494 E Ridge Rd
