55 Exchange BlvdRochester, NY 14614

Property Details for 55 Exchange Blvd

Year built

1928

Lot size

1.10 AC

Property size (Sq ft)

173,874 SF

Property type

Office properties

Property subtype

Office buildings

APN

261400 121.30-1-30

APU

26140012130130

Description

The Gannet Building, located at 55 Exchange Blvd, Rochester, NY 14614, presents a unique opportunity for businesses seeking premium office space in a revitalized building. This five-story, 173,000 square foot executive office building, situated on the corner of Broad and Exchange Streets, offers unparalleled visibility and accessibility. Completely vacant and ready for immediate occupancy, the building boasts a recent 2022 renovation, ensuring modern amenities and efficient layouts. The flexible floor plans allow for customization to suit diverse business needs, ranging from 3,000 to 10,000 square feet. Originally constructed in 1928, the building's historic charm is complemented by contemporary upgrades. While the building itself does not offer dedicated parking spaces, the ratio is 0.24 spaces per 1,000 square feet, providing a basis for parking solutions. The property's location in Monroe County offers easy access to major transportation routes and a vibrant urban environment. This is an exceptional opportunity to establish a prominent presence in the heart of Rochester's business district. The ground floor offers ideal space for retail or restaurant use with excellent street exposure. Contact us today to explore the possibilities of this remarkable property.

• CAP approach

  CAP return

  Valuation

  6%

  $28,077,738

  6.5%

  $25,917,912

  7%

  $24,066,634

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,884,813

  Geo Method

  $13,289,427

• Alternative Use

  Use

  Valuation

  Residential

  $32,138,212

  Hospitality

  $29,438,430

  Educational

  $24,492,428

  Medical

  $25,334,760

  Retail

  $38,099,332

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1541

Longitude

-77.6127

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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