175 Lyell AveRochester, NY 14608

Property Details for 175 Lyell Ave

Year built

1900

Lot size

0.40 AC

Property size (Sq ft)

6,773 SF

Property type

Office properties

Property subtype

Office buildings

APN

261400 105.67-2-63.001

APU

26140010567263001

Description

This exceptional 9,545 square foot mixed-use commercial property, situated on a 0.4-acre corner lot in Rochester, NY, presents a unique investment opportunity. The building boasts a high-visibility location with a distinctive facade, ensuring excellent curb appeal. The property features a substantial retail space seamlessly integrated with ample warehousing, ideal for inventory storage or various business needs. A fully functional office space, conveniently accessible via elevator from the basement, provides additional versatility. Adding to its appeal is a charming two-bedroom, one-bathroom apartment on the upper level, perfect for owner-occupancy or generating supplemental rental income. Parking is abundant, with over 50 spaces available in a secure, gated blacktop lot. This ensures ample parking for customers, employees, and residents. The property's diverse layout and prime location make it an attractive option for both investors seeking strong returns and owner-occupiers looking for a multi-functional space to grow their business. The asking price for this exceptional property is $900,000. This is a rare opportunity to acquire a multi-functional commercial property with significant income potential in a desirable Rochester location. Don't miss this chance to own a truly versatile and profitable investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,093,726

  6.5%

  $1,009,593

  7%

  $937,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $618,769

  Geo Method

  $426,089

• Alternative Use

  Use

  Valuation

  Residential

  $1,251,896

  Hospitality

  $1,146,730

  Educational

  $954,066

  Medical

  $986,877

  Retail

  $1,484,102

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1642

Longitude

-77.629

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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