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520-522 Monroe Ave 8,861 SF 100% Leased Retail Building Rochester, NY 14607 $550,000 ($62.07/SF) 9.47% 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. 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
9.47%
NOI
$52,069
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