East Rochester Investment Opportunity 227 W Commercial St 2,975 SF 21% Leased Retail Building East Rochester, NY 14445 £270,963 (£91.08/SF) 6.16% Net Initial Yield




EXECUTIVE SUMMARY
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).
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,975 SF
Building Class
C
Year Built
1945
Price
£270,963
Price Per SF
£91.08
Net Initial Yield
6.16%
NOI
£16,693
Percent Leased
21%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.68
Lot Size
0.10 AC
Zoning
5
Parking
4 Spaces (1.34 Spaces per 1,000 SF Leased)
Frontage
28 ft on Commercial St
Walk Score®
Very Walkable (82)
NEARBY MAJOR RETAILERS




PROPERTY TAXES
Parcel Number | 265801-138-840-0002-018-000 | Improvements Assessment | £87,267 |
Land Assessment | £19,876 | Total Assessment | £107,143 |