746 Monroe Ave 10,860 SF 100% Leased Retail Building Rochester, NY 14607 $1,100,000 ($101.29/SF) 9.35% Cap Rate
EXECUTIVE SUMMARY
This offering includes the following addresses.
746-758 Monroe Ave & 762-766 Monroe Ave, Rochester, NY 14607
Features
Five tenants in place
One vacancy provides upside potential~2,500 SF on 2nd floor of white building
Excellent location on Monroe Ave in Rochester at the corner of Rutgers Street
Good income with stable tenants
Convenient parking~lot was replaced approximately 3 1/2 years ago
Two-story building painted 2 summers ago
Close to Rte. 490 / good expressway access
746-758 Monroe Ave & 762-766 Monroe Ave, Rochester, NY 14607
Features
Five tenants in place
One vacancy provides upside potential~2,500 SF on 2nd floor of white building
Excellent location on Monroe Ave in Rochester at the corner of Rutgers Street
Good income with stable tenants
Convenient parking~lot was replaced approximately 3 1/2 years ago
Two-story building painted 2 summers ago
Close to Rte. 490 / good expressway access
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,860 SF
Building Class
C
Year Built
1975
Price
$1,100,000
Price Per SF
$101.29
Cap Rate
9.35%
NOI
$102,850
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.50 AC
Zoning
C2 Commercial - Commercial / Retail
Parking
27 Spaces (2.49 Spaces per 1,000 SF Leased)
Frontage
109’ on Monroe Ave.
AMENITIES
- Signage
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 261400-121-670-0001-001-000-0000 | Improvements Assessment | $182,600 |
| Land Assessment | $74,500 | Total Assessment | $257,100 |
