363 Goodman StRochester, NY 14607

Property Details for 363 Goodman St

Year built

1904

Lot size

0.07 AC

Property size (Sq ft)

4,630 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $881,284

  6.5%

  $813,493

  7%

  $755,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $439,908

  Geo Method

  $498,256

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,615,080

  Mixed-Use / Specialty

  $798,998

  Hospitality / Lodging

  $571,104

  Office

  $782,175

  Institutional / Educational

  $826,492

  Residential Income

  $966,996

  Multifamily

  $1,224,040

  Automotive / Energy

  $708,422

  Parking / Income-Based Land

  $255,923

  Restaurant / Food Service

  $390,820

  Healthcare / Senior Housing

  $831,248

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

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