483 Dewey AveRochester, NY 14613

Property Details for 483 Dewey Ave

Year built

1910

Lot size

0.38 AC

Property size (Sq ft)

12,960 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

261400 105.42-1-95

APU

26140010542195

Description

This 12,000 square foot multi-tenant commercial property at 483-501 Dewey Avenue in Rochester, NY (zip code 14613) offers exceptional leasing opportunities. Four spaces are currently available, ranging from 1,200 to 1,500 square feet, with the possibility of combining units for larger spaces. The building boasts ample parking with 32 spaces available for tenants and customers. The property is undergoing exterior beautification under new management. Ideal for a variety of uses, including medical offices, executive offices, restaurants, laundromats, beauty salons, barber shops, retail stores, and more. The prime location in Rochester's business district ensures high foot traffic and visibility. Competitive rental rates and flexible lease terms are available. The minimum leasable space is 1,200 square feet, and a total of 4,800 square feet is currently vacant. This is a fantastic chance to establish or expand your business in a thriving commercial area with a dedicated property management team committed to ongoing improvements. Contact us to schedule a viewing and explore leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $2,092,823

  6.5%

  $1,931,836

  7%

  $1,793,848

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,184,002

  Geo Method

  $815,314

• Alternative Use

  Use

  Valuation

  Residential

  $2,395,477

  Hospitality

  $2,194,244

  Educational

  $1,825,586

  Medical

  $1,888,370

  Retail

  $2,839,800

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1735

Longitude

-77.6395

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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