564 Chili AveRochester, NY 14611

Property Details for 564 Chili Ave

Year built

1920

Lot size

0.09 AC

Property size (Sq ft)

4,843 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

261400 120.55-3-16.001

APU

26140012055316001

Description

This exceptional mixed-use property at 564 Chili Avenue in Rochester, NY, presents a compelling investment opportunity. Spanning 7,089 square feet on a 0.09-acre lot, the building comprises three vacant, move-in-ready apartment units, perfectly suited for immediate rental income generation. In addition, a fully operational, turnkey restaurant with a bar is included. The restaurant is equipped with a comprehensive array of commercial kitchen appliances, including coolers, freezers, a stove, grill, and fryer

• CAP approach

  CAP return

  Valuation

  6%

  $782,063

  6.5%

  $721,905

  7%

  $670,340

• Comparable approach

  Method

  Valuation

  Relative Method

  $442,448

  Geo Method

  $304,673

• Alternative Use

  Use

  Valuation

  Residential

  $895,162

  Hospitality

  $819,963

  Educational

  $682,200

  Medical

  $705,662

  Retail

  $1,061,200

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1453

Longitude

-77.6518

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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