911 Brooks Ave - Hospitality FOR SALE


Rochester, NY 14624
$3,000,000 USD
310-650-4322
911 Brooks Ave, Rochester, NY for Sale
$3,000,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

911 Brooks Ave
Rochester, NY 14624


OVERVIEW

Former Ramada Inn Hotel –DIRECTLY ADJACENT TO FREDERICK DOUGLAS INTERNATIONAL AIRPORT (ROC) - available for sale. SEE VIRTUAL OM: https://vimeo.com/998131754?share=copy **BUILDING HAS BEEN DEEMED CONDEMNED BY THE TOWN OF GATES SINCE 2022** The Site has been awarded a $2 million grant through “Restore NY Communities Initiative” for Phase I of a previous multi-phased project. Phase I will remediate and demolish the vacant hotel, in preparation of future commercial development. This Grant is transferable to new Buyer. BUILDING: Existing Building: Two Structures comprising of 84,887 SF and 14,050 SF on 8 acres, along with additional 2.80 acres of vacant land. Located adjacent to Frederick Douglas International Airport (ROC), with over 1,000’ of visibility along I-390 (104,768 VPD). CLOSE PROXIMITY TO 6 COLLEGES: - University of Rochester (U of R): 12,160 Students – 1.4 Miles Away - Monroe Community College (MCC): 23,623 Students – 3.1 Miles Away - Rochester Institute of Technology (RIT): 20,570 Students - 3.2 Miles Away - Nazareth College: 2,987 Students – 8.3 Miles Away - St. John Fisher College: 2,987 Students – 11.4 Miles Away - Roberts Wesleyan College: 1,621 Students – 10.5 Miles Away CLOSE PROXIMITY TO HOSPITALS AND MEDICAL FACILITIES: - Strong Memorial Hospital: 897 Beds – 2.1 Miles Away - Monroe Community Hospital: 566 Beds – 3.1 Miles Away - Highland Hospital: 261 Beds – 4.1 Miles Away - Clinton Crossing Medical Center: 409,000 SF of Medical Office Park – 4.5 Miles Away - UR Medicine Orthopedics and Physical Performance Center: 330,000 SF Campus – 5 Miles Away

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$18 USD /SF

# OF ROOMS

180

PRICE/ROOM

$16,667 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Ramada Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1975

PARKING SPACES

432

LAND DETAILS

LAND ACRES

10.8 AC

LAND SF

470,448 SF

ZONING

M-1 Industrial District

APN/PARCEL ID

262600-135-100-0001-001-000,262600-135-100-0001-005-000

ASK ABOUT THIS PROPERTY

Jacob RiveraCaliber Commercial BrokerageMore Info
310-650-4322

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

Jacob RiveraCaliber Commercial BrokerageMore Info
310-650-4322

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