2005 Lyell AveRochester, NY 14606

Property Details for 2005 Lyell Ave

Year built

1987

Lot size

1.56 AC

Property size (Sq ft)

20,781 SF

Zone code

06 - INDUSTRIAL

Property type

Office buildings

APN

262600 104.19-3-10.21

APU

2626001041931021

Description

This renovated, two-story, 20,781 square foot Stonegate Office Complex in Rochester, NY's Gates submarket offers multiple suite options ranging from 1,300 to 5,000 square feet. Located at 2005 Lyell Ave (I-390/Lee Rd cross streets), this Class B building boasts a newly renovated lobby, one passenger elevator, and 139 parking spaces. Currently, 8,824 square feet are vacant. Built in 1897 and extensively renovated in 2021, the property is ideal for various uses including medical, traditional office, coworking, and creative office spaces. The building enjoys high visibility and accessibility, situated in a primary retail corridor with over 100,000 vehicles passing daily. Its location provides convenient access to a significant population base (90,853 residents within 3 miles), Rochester International Airport, and major submarkets including Gates, Greece, Spencerport, Chili, Henrietta, and Downtown Rochester. Leases are net, including tenant improvement allowances, taxes, insurance, and common area maintenance. The landlord will contribute to tenant build-outs and finishes. This 2.03-acre property presents a unique opportunity for businesses seeking flexible, high-visibility space in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,355,784

  6.5%

  $3,097,646

  7%

  $2,876,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,898,514

  Geo Method

  $1,307,333

• Alternative Use

  Use

  Valuation

  Residential Income

  $3,841,081

  Hospitality / Lodging

  $3,518,410

  Institutional / Educational

  $2,927,276

  Healthcare / Senior Housing

  $3,027,949

  Retail / Commercial

  $4,553,540

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1637

Longitude

-77.6801

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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