91 Erie Canal DrRochester, NY 14626

Property Details for 91 Erie Canal Dr

Year built

1990

Lot size

1.01 AC

Property size (Sq ft)

8,655 SF

Zone code

05 - COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

262800 089.03-4-14

APU

26280008903414

Description

This exceptional one-story medical office building, situated in the Erie Canal Drive Office Park in Greece, NY, presents a compelling investment opportunity. The 8,655 square foot building features three suites with individual entrances directly accessible from the ample parking lot (30 spaces). Currently, one 1,900 square foot suite is under a 10-year lease (expiring 2030) with a dentist. The remaining 6,755 square feet of vacant space is highly divisible, with a minimum leasable area of 2,000 square feet and a maximum contiguous space of 6,755 square feet. This presents flexibility for various medical or professional tenants. The property sits on one acre of land and benefits from separate utility meters for each suite. Its prime location offers unparalleled convenience, being just a half-mile from Unity Hospital and approximately one mile from the Greece Ridge Mall (1.6 million square feet). Many of the existing office spaces are furnished, offering a potential turnkey solution for new occupants. The property's Commercial zoning (Com) and Monroe County location further enhance its appeal. The APN is 262800-089-030-0004-014-000. This is a rare chance to acquire a well-located, versatile medical office building with significant potential for immediate income and future growth.

• CAP approach

  CAP return

  Valuation

  6%

  $1,397,638

  6.5%

  $1,290,127

  7%

  $1,197,975

• Comparable approach

  Method

  Valuation

  Relative Method

  $790,705

  Geo Method

  $544,486

• Alternative Use

  Use

  Valuation

  Residential

  $1,599,757

  Hospitality

  $1,465,369

  Educational

  $1,219,170

  Medical

  $1,261,099

  Retail

  $1,896,487

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1857

Longitude

-77.7042

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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