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511-527 State St
Rochester, NY 14608
Multifamily Property For Sale
·
24 Units
Investment Highlights
- Attractive Brick Architecture
- Walkable to Restaurants and Entertainment
- Elevator and electronic entry system
- Renovated Apartments & Office Suites
- Sprinklered Building
Executive Summary
Located just minutes from Downtown Rochester, 511-527 State Street offers investors the opportunity to acquire a renovated mixed-use asset with a diverse income stream and strong occupancy. Situated on a .64-acre parcel with access from both State Street and Frankfort Street, the property consists of two buildings totaling 24 units, including office suites, warehouse space, and residential apartments.
Originally constructed in 1910 and extensively renovated in 2015, the property features updated office and residential spaces, elevator service, electronic entry systems, and a fully sprinklered environment. Currently occupied by 14 commercial tenants and 8 residential tenants, with two commercial vacancies available for lease-up, the property provides both stable cash flow and upside potential.
Its strategic location near Downtown Rochester, Frontier Field, High Falls, Monroe Community College, restaurants, entertainment venues, and public transportation makes it an attractive destination for both businesses and residents.
Originally constructed in 1910 and extensively renovated in 2015, the property features updated office and residential spaces, elevator service, electronic entry systems, and a fully sprinklered environment. Currently occupied by 14 commercial tenants and 8 residential tenants, with two commercial vacancies available for lease-up, the property provides both stable cash flow and upside potential.
Its strategic location near Downtown Rochester, Frontier Field, High Falls, Monroe Community College, restaurants, entertainment venues, and public transportation makes it an attractive destination for both businesses and residents.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
Property Taxes
| Parcel Number | 261400 106.61-1-40.003 | Improvements Assessment | $785,000 |
| Land Assessment | $115,000 | Total Assessment | $900,000 |
Property Taxes
Parcel Number
261400 106.61-1-40.003
Land Assessment
$115,000
Improvements Assessment
$785,000
Total Assessment
$900,000
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