128 Empire BlvdRochester, NY 14609

Property Details for 128 Empire Blvd

Year built

1930

Lot size

0.21 AC

Property size (Sq ft)

1,860 SF

Zone code

07 - MIXED

Property type

Investment properties

Property subtype

Live-work space

APN

263400 107.07-1-72

APU

26340010707172

Description

This 2,604 sq ft mixed-use building at 128 Empire Blvd, Rochester, NY 14609, is a rare opportunity. The property, built in 1950 and extensively renovated between 2019 and 2021, sits on a 9,148 sq ft lot and boasts a high-visibility location near Route 590. The main floor, formerly a dental office, features four plus workstations and a stylish reception area, with a handicap-accessible ramp and parking. The second floor offers versatile space, ideal for a conference area, meeting space, or owner-occupant living quarters, complete with a full bath and kitchen. A full walk-out basement provides ample storage. The building includes a new (2020) forced hot water boiler and furnace, a newer central A/C compressor, a roof approximately five years old, and new windows on the second and third floors. A new asphalt parking lot accommodates approximately 15 cars. The R6 permitted zoning allows for a variety of uses, including professional offices (various medical and other professional fields), real estate or insurance offices, barbershops, beauty salons, funeral homes, travel agencies, and non-profits. The asking price is $349,900.

• CAP approach

  CAP return

  Valuation

  6%

  $300,359

  6.5%

  $277,254

  7%

  $257,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $169,926

  Geo Method

  $217,741

• Alternative Use

  Use

  Valuation

  Residential

  $343,795

  Hospitality

  $314,915

  Educational

  $262,005

  Medical

  $271,016

  Retail

  $407,564

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1769

Longitude

-77.5537

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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