205 Broad StRochester, NY 14614

Property Details for 205 Broad St

Year built

1987

Lot size

0.85 AC

Property size (Sq ft)

8,436 SF

Property type

Banks

APN

261400 121.30-1-50.001

APU

26140012130150001

Description

This exceptional 6,000 square foot office space, located at 205 W Broad St in Rochester, NY 14614, presents a unique leasing opportunity. Situated in a Class B building constructed in 1987, this single-tenant property offers a versatile layout ideal for various business needs. The space includes multiple private offices and conference rooms, catering to diverse operational requirements. Ample parking is provided with 40+ spaces available. The building itself totals 8,436 square feet, situated on a 0.85-acre lot. This location boasts excellent accessibility, being conveniently located in Rochester's main business corridor, just south of the historic Corn Hill Neighborhood. Its proximity to West Main Street ensures high visibility and easy access for clients and employees. Furthermore, the property benefits from its close proximity to major transportation arteries, including Interstate 490 (approximately 0.20 miles away), and key attractions such as the Blue Cross Arena, Frontier Field, and The Strong Museum of Play (all within 2 miles). The property is adjacent to Advantage Federal Credit Union, offering added convenience and a strong neighborhood presence. This single-story building offers a traditional office layout, but is also suitable for executive office, coworking, medical office, or creative office uses. This is a rare opportunity to secure a well-appointed office space in a highly desirable downtown Rochester location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,605,730

  6.5%

  $1,482,210

  7%

  $1,376,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $801,526

  Geo Method

  $670,513

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,942,730

  Mixed-Use / Specialty

  $1,455,800

  Hospitality / Lodging

  $1,040,570

  Office

  $1,425,150

  Institutional / Educational

  $1,505,890

  Residential Income

  $1,761,900

  Multifamily

  $2,230,240

  Automotive / Energy

  $1,290,770

  Parking / Income-Based Land

  $466,300

  Restaurant / Food Service

  $712,086

  Healthcare / Senior Housing

  $1,514,560

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1535

Longitude

-77.6178

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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