363 Goodman StRochester, NY 14607
- Retail properties
- 4,630 SF
Property Details for 363 Goodman St
- Year built
- 1904
- Lot size
- 0.07 AC
- Property size (Sq ft)
- 4,630 SF
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 261400 121.58-1-7.001
- APU
- 2614001215817001
Description
This exceptional, multi-use property located at 363 S Goodman St, Rochester, NY 14607, presents a unique investment opportunity. The 4,630 square foot building, zoned C-2 Bar Restaurant, is situated on a 0.35-acre lot and boasts a prime location in the Upper Monroe submarket, specifically within the Pear-Meigs-Monroe cluster. The address is conveniently located near Monroe Ave. The property features a two-story building with a recently installed full bar upstairs. All necessary equipment is included, ensuring a seamless transition for a new owner. A significant advantage is the inclusion of adjacent parking lots, addressing a common challenge in high-traffic areas. The building currently operates as a popular bar, restaurant, and nightclub, establishing a proven track record and strong potential for continued success. The property's multiple spaces offer flexibility for various uses, catering to diverse business needs. This turnkey operation provides an immediate opportunity to capitalize on an established business with existing infrastructure and clientele. The property's size and location make it ideal for expansion or adaptation to suit a variety of concepts within the permitted zoning. This is a rare chance to acquire a well-established and profitable business in a desirable Rochester location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,099,071
- 6.5%
- $1,014,527
- 7%
- $942,061
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,065,931
- Geo Method
- $1,207,313
-
Alternative Use
- Use
- Valuation
- Residential
- $855,792
- Hospitality
- $783,901
- Educational
- $652,196
- Medical
- $674,626
- Retail
- $1,014,527
Location Insight
- City
- Rochester
- County
- Monroe
- State
- New York
- Latitude
- 43.1464
- Longitude
- -77.5924
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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