26-28 E Main St - Office FOR SALE


Rochester, NY 14614
$10,800,000 USD
585-784-3637
26-28 E Main St, Rochester, NY for Sale
$10,800,000 USD
Office - FOR SALE
1/14
null | Request Cap Rate

26-28 E Main St
Rochester, NY 14614


HIGHLIGHTS

  • Ideally Positioned Riverfront Redevelopment Opportunity
  • 156 Space Underground Garage
  • Adjoining 604 Space Municipal Garage
  • Exterior Glass Elevator
  • Riverfront Terrace
  • Potential For 3rd Floor Rooftop Space

OVERVIEW

From its perch overlooking the Genesee River, First Federal Plaza provides a unique blend of modern updates, retro-cool style, and untapped potential. The property is currently 45% occupied, presenting a unique window of opportunity to redevelop several floors of the main tower for multi-family residential or other potential uses. The surrounding area is seeing a massive amount of ongoing investment including the City‘s “ROC The Riverway“ which brought $15 million in upgrades to the attached garage, rooftop park and pedestrian bridge. 2024 also saw the arrival of Constellation Brands 170,000 sf world headquarters directly across Main Street. A Cultural Touchstone Since its construction in 1974, First Federal Plaza has occupied a unique spot in the Rochester community. For an older generation that recalls taking the glass elevator to dine at the revolving “Changing Scenes“ restaurant, or a younger demographic that are simply interested in boarding the flying saucer that landed on the roof, First Federal Plaza‘s distinctive architecture makes it instantly recognizable and presents an unrivaled opportunity to redevelop and relaunch a project with built-in community visibility and marketing potential.

FOR SALE DETAILS

PRICE

$10,800,000 USD

PRICE/SF

$28 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

First Federal Plaza

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

21

BUILDING CLASS

A

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

800

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

CBD

APN/PARCEL ID

261400-121-230-0001-003-000-0000

ASK ABOUT THIS PROPERTY

Angelo NoleCBRE Upstate NYMore Info
585-784-3637

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Angelo NoleCBRE Upstate NYMore Info
585-784-3637

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