227 W Commercial St - Storefront Retail/Residential FOR SALE


East Rochester, NY 14445
$349,000 USD
585-503-4929
227 W Commercial St, East Rochester, NY for Sale
$349,000 USD
Storefront Retail/Residential - FOR SALE
1/13
null | 6.16% Cap Rate

NEW


227 W Commercial St
East Rochester, NY 14445


OVERVIEW

Prime investment opportunity, 2,975+/- SF mixed-use commercial building for sale, asking $349,000. This property is fully leased and includes 1 storefront (Rochester Canine Academy) and 2 apartments on second floor. This is a value-add property with upcoming rent increases, the current rates are below market rent. An excellent investment opportunity with an NOI of $21,501(estimated) and several new improvements including new EPDM roof installed in 2015 & new boilers installed 2024. Conveniently located in the heart of the Village of East Rochester near the signalized intersection of W. Commercial Street & S. Washington Street. The property is less than 1 mile from Interstate 490, less than 5 miles from two area colleges, Nazareth University (Total Enrollment: 4,200) & St. John Fisher College (Total Enrollment: 2,593).

FOR SALE DETAILS

PRICE

$349,000 USD

PRICE/SF

$92 USD /SF

CAP RATE

6.16%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

East Rochester Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

5

APN/PARCEL ID

265801-138-840-0002-018-000

ASK ABOUT THIS PROPERTY

Jeffrey DiCesareVenture Brokerage GroupMore Info
585-503-4929

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Jeffrey DiCesareVenture Brokerage GroupMore Info
585-503-4929

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.