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520-522 Monroe Ave 8,861 SF 100% Leased Retail Building Rochester, NY 14607 $550,000 ($62.07/SF) 9.10% Cap Rate
Executive Summary
Tremendous Opportunity for A Mixed Use Investment Property. 5 Total Units consisting of Bar/Restaurant Space, 3 Ap'ts in the Front Bldg. All under Lease. The 2,750 SF Warehouse in the Back Bldg. is Available For Lease for $1,200/mo. Parking Area for 20 cars.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,861 SF
Building Class
C
Year Built
1930
Price
$550,000
Price Per SF
$62.07
Cap Rate
9.10%
NOI
$50,038
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.68
Lot Size
0.30 AC
Zoning
N/Av
Parking
44 Spaces (2.35 Spaces per 1,000 SF Leased)
Frontage
38’ on Monroe Ave
Very walkable
80/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 261400 121.58-1-3.001 | Improvements Assessment | $308,700 |
| Land Assessment | $68,500 | Total Assessment | $377,200 |
Property Taxes
Parcel Number
261400 121.58-1-3.001
Land Assessment
$68,500
Improvements Assessment
$308,700
Total Assessment
$377,200
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520-522 Monroe Ave
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