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985 S Clinton Ave 6,213 SF 66% Leased Retail Building Rochester, NY 14620 $439,900 ($70.80/SF) 10.64% Cap Rate
Investment Highlights
- Dense rental neighborhood.
- Great foot traffic around lots of local shops and restaurants.
Executive Summary
Mixed Use Commercial 3 Unit in the Heart of Highland Park and Swillburg Neighborhood! Property includes Restaurant with Large Commercial Kitchen, Retail Office in Rear and a Large 3 Bedroom Apartment on Second Floor! Full Block Basement, Seperate Utilities and Parking Lot. Property includes Caroline St Tax ID 261400-121-730-0003-012-000-0000. 3 bed apartment is currently m2m and market rent is $1400 or more per month, Rear retail is currently $1400 per month and Restaurant was $2000 per month and could easily come up to $2500 per month. Group Showing Friday 3/21 by appointment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,213 SF
Building Class
C
Year Built
1900
Price
$439,900
Price Per SF
$70.80
Cap Rate
10.64%
NOI
$46,790
Percent Leased
66%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.95
Lot Size
0.15 AC
Parking
30 Spaces (4.83 Spaces per 1,000 SF Leased)
Frontage
43’ on Clinton Ave
Amenities
- Bus Line
- Signage
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 261400 121.730-0003-009.001 | Improvements Assessment | $202,600 |
| Land Assessment | $14,900 | Total Assessment | $217,500 |
Property Taxes
Parcel Number
261400 121.730-0003-009.001
Land Assessment
$14,900
Improvements Assessment
$202,600
Total Assessment
$217,500
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985 S Clinton Ave
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