For Sale
$809,000

376 Lexington Ave Rochester, NY 14613

High-Cap Rate Rochester Office Building

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional executive office suite at 376 Lexington Avenue in Rochester, New York, presents a compelling investment opportunity. Boasting 4,160 square feet of well-maintained space, this property is situated on a sizable 12,400 square foot lot. Built in 1970, the building offers a strong net operating income (NOI) of $56,215, translating to an attractive 6.95% capitalization rate. The asking price for this turnkey investment is $809,000. Located in Monroe County, New York, with the address 376 Lexington Ave, Rochester, NY 14613, this property is ideally positioned within the vibrant Rochester business community. The property's executive office subtype suggests a high-quality build and potential for premium rental income. The substantial lot size offers potential for future expansion or redevelopment, adding further value to this already attractive investment. This is a rare opportunity to acquire a well-performing office building with a strong cap rate in a desirable location. The property's financial performance and location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged.

Highlights

  • 4,160 SF executive office suite in Rochester, NY.
  • Situated on a 12,400 SF lot.
  • Strong NOI of $56,215 and 6.95% cap rate.
  • Asking price: $809,000.
  • Located at 376 Lexington Ave, Rochester, NY 14613.

Property Details for 376 Lexington Ave

Property type
Office properties
Square Feet
4,160 SF
Year Built
1970

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.1795081
Longitude
-77.6398027

FAQs

What type of property is this?
Office property - High-Cap Rate Rochester Office Building
Where is the office property located?
The property is located at 376 Lexington Ave Rochester, NY.
What is the asking price?
The asking price for this property is $809,000.
What are key features of this property?
This property features: 4,160 SF executive office suite in Rochester, NY.; Situated on a 12,400 SF lot.; Strong NOI of $56,215 and 6.95% cap rate.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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376 Lexington Ave
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