146 University Ave 4,368 SF 100% Leased Retail Building Rochester, NY 14605 £386,190 (£88.41/SF)
INVESTMENT HIGHLIGHTS
- New Roof
- New Electrical Service will allow for separate meters
- New Windows
- Shell ready for buyer to finish 3 apartments on 2nd floor and large space for 1st floor Retail
EXECUTIVE SUMMARY
Contractor Special . . . Building has been taken down to a shell. Improvements already made: New Roof, New Windows, Rough Framing, Electrical* and some plumbing. New Owner will need to finish HVAC, drywall/insulation and the "build out" (floors, appliances & bathrooms) for 3 apartments. *The new Electrical Service that was installed will allow for separate meters for the 3 apartments on the 2nd floor and the retail tenant on the 1st floor. Parking area for approx 8 cars. Property is located Downtown, within the inner loop. Close to Eastman School of Music, Main St, East Ave. The 2nd phase of the inner loop project should be starting within a year which will fill in the roadway with building high rises and apartments coming to the area.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,368 SF
Building Class
C
Year Built
1900
Price
£386,190
Price Per SF
£88.41
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.71
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
CCD
Parking
10 Spaces (2.29 Spaces per 1,000 SF Leased)
Frontage
26 ft on University Ave
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 261400-106-730-0003-021-000-0000 | Improvements Assessment | £151,321 |
| Land Assessment | £14,754 | Total Assessment | £166,074 |
CONTACT
-
Don Swartz - n/a
