1954 Lyell AveRochester, NY 14606

Property Details for 1954 Lyell Ave

Year built

1990

Lot size

2.81 AC

Property size (Sq ft)

48,485 SF

Zone code

05 - COMMERCIAL

Property type

Motels

APN

262600 104.16-1-9.1

APU

26260010416191

Description

This exceptional 86-key hotel in Rochester, NY, presents a compelling investment opportunity. Located at 1954 Lyell Ave, this two-building, five-story property boasts 53,273 square feet on a 2.81-acre lot. Built in 1990 and extensively renovated in 2023, the hotel offers a blend of comfort and modern amenities. Features include a meeting space exceeding 600 square feet, a fitness center, and ample parking for trucks and buses. The property's prime location and recent renovations position it for strong occupancy rates and revenue generation. The existing structure is robust, suggesting significant potential for value appreciation. Furthermore, the property includes an additional 20 keys on the rear lot, presenting a unique opportunity for expansion and increased revenue streams. A well-defined business plan is available to assist investors in maximizing returns. SBA financing eligibility further enhances the investment appeal, reducing the equity requirement and making this a highly attractive opportunity for investors seeking strong returns and efficient capital leverage. The property is zoned for commercial use and offers a compelling combination of immediate income potential and long-term growth prospects. This is a rare chance to acquire a well-maintained, high-performing hotel in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,893,025

  6.5%

  $8,208,946

  7%

  $7,622,592

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,409,329

  Geo Method

  $7,167,950

• Alternative Use

  Use

  Valuation

  Residential

  $8,961,784

  Hospitality

  $8,208,946

  Educational

  $6,829,746

  Medical

  $7,064,632

  Retail

  $10,624,050

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.166

Longitude

-77.679

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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