2005 Lyell AveRochester, NY 14606
- Office properties
- 20,781 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
- $3,841,081
- Hospitality
- $3,518,410
- Educational
- $2,927,276
- Medical
- $3,027,949
- Retail
- $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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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