564 Chili AveRochester, NY 14611
- Investment properties
- 4,843 SF
For Sale
Property Details for 564 Chili Ave
- Year built
- 1920
- Lot size
- 0.09 AC
- Property size (Sq ft)
- 4,843 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- 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
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $905,402
- 6.5%
- $835,756
- 7%
- $776,059
-
Comparable approach
- Method
- Valuation
- Relative Method
- $451,297
- Geo Method
- $310,767
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $1,689,380
- Retail / Commercial
- $850,917
- Hospitality / Lodging
- $597,377
- Office
- $818,159
- Institutional / Educational
- $864,515
- Residential Income
- $1,011,480
- Multifamily
- $1,280,350
- Automotive / Energy
- $741,012
- Parking / Income-Based Land
- $267,697
- Restaurant / Food Service
- $408,800
- Healthcare / Senior Housing
- $869,489
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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$13,200
$61,800
$75,000
-
$15,904
$74,457
$90,361
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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