353 Island Cottage RdRochester, NY 14612

Property Details for 353 Island Cottage Rd

Year built

2000

Lot size

0.59 AC

Property size (Sq ft)

3,462 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

262800 045.12-2-42.32

APU

2628000451224232

Description

This meticulously maintained, single-story, 5,000-square-foot Class B medical office building is situated on a 0.59-acre lot in Rochester, NY (14612), at 353 Island Cottage Rd. Built in 2000, the property features a convenient location near Route 390 and Arcadia High School, offering ample parking. Currently vacant, this versatile space is ideal for various professional uses, including medical, dental, or childcare facilities. The building boasts separate HVAC systems, a backup natural gas generator, and a full basement with a secondary egress and elevator, offering approximately 3,500 additional square feet of potential usable space. The first floor comprises a reception area, eleven exam rooms, a nurses' station, a doctor's office, a stock room, and bathrooms. The lower level is adaptable for a kitchen, break room, multiple offices, storage, and a server room. The building's truss roof framing allows for flexible interior space configuration. The property is zoned for BP, BR, and BG Business Districts. This is a unique opportunity to acquire a well-maintained, adaptable building in a desirable location. The asking price is $575,000, or $115 per square foot. The building has one unit and is connected internally by a staircase and elevator.

• CAP approach

  CAP return

  Valuation

  6%

  $693,228

  6.5%

  $639,903

  7%

  $594,196

• Comparable approach

  Method

  Valuation

  Relative Method

  $490,237

  Geo Method

  $410,122

• Alternative Use

  Use

  Valuation

  Residential

  $639,903

  Hospitality

  $586,148

  Educational

  $487,668

  Medical

  $504,440

  Retail

  $758,595

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.2598

Longitude

-77.6657

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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