1 Clinton AveRochester, NY 14607

  • Mixed-use properties
  • 473,876 SF
For Lease
$14/SF/YR View listing

Property Details for 1 Clinton Ave

Year built
1973
Lot size
1.49 AC
Property size (Sq ft)
473,876 SF
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
261400 121.24-1-36
APU
26140012124136

Description

The Metropolitan, a Class A office building in Rochester, NY's Pittsford submarket, offers 84,316 square feet of immediately available executive office space. Units range from 14,047 to 14,055 contiguous square feet, with the possibility of subdividing to meet specific needs. This iconic landmark building, originally constructed in the early 20th century, has undergone extensive restoration, blending historic charm with modern amenities. The space includes high-end, upgraded furniture. A healthy remaining lease term is available. Conveniently located at 1 S Clinton Ave, Rochester, NY 14607, this prime location offers easy access to downtown Rochester. On-site amenities include a bar and restaurant. This is a unique opportunity to secure prestigious office space in a landmark building with a vibrant atmosphere. The building's versatile design caters to various commercial needs. The Metropolitan is a symbol of innovation in the heart of Rochester, offering a blend of history and modern convenience.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $76,523,040
    6.5%
    $70,636,648
    7%
    $65,591,176
  • Comparable approach

    Method
    Valuation
    Relative Method
    $43,292,452
    Geo Method
    $36,222,684
  • Alternative Use

    Use
    Valuation
    Residential
    $87,589,448
    Hospitality
    $80,231,464
    Educational
    $66,751,632
    Medical
    $69,047,328
    Retail
    $103,835,872
1 Clinton Ave, Rochester, New York

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.1562
Longitude
-77.6067
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
-
$506,000
$25,594,000
$26,100,000
-
$609,639
$30,836,144
$31,445,783

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