2316 Lyell AveRochester, NY 14606

Property Details for 2316 Lyell Ave

Year built

1965

Lot size

0.35 AC

Property size (Sq ft)

8,448 SF

Zone code

05 - COMMERCIAL

Property type

Strip malls

Property subtype

Neighborhood centers

APN

262600 104.15-1-66

APU

26260010415166

Description

This exceptional Rochester, NY retail property, located at 2316-2322 Lyell Avenue, offers 8,448 square feet of commercial space in a prime location. The building, classified as Class B, features a total of four suites across two stories. Currently, 5,216 square feet are available, with spaces ranging from a minimum of 649 square feet to a maximum contiguous space of 1,856 square feet. The property boasts excellent visibility and accessibility, situated on Lyell Avenue, a high-traffic retail corridor with 25,069 vehicles passing daily. Its strategic location places it directly across from a Wegmans grocery store and conveniently near the Rochester airport, Route 390, and Route 490. Public transportation is readily available via a nearby bus line. The property's proximity to major employers such as Delphi, Automotive Systems (GM), Lil Destri, and an Amazon warehouse further enhances its appeal. Ideal for retail or service-based businesses, this property presents a unique opportunity to establish a thriving enterprise in a bustling commercial area of Monroe County. The building is comprised of three retail units on the ground floor and three office units. This well-positioned property is within a one-mile radius of several major employers.

• CAP approach

  CAP return

  Valuation

  6%

  $2,005,389

  6.5%

  $1,851,129

  7%

  $1,718,905

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,944,921

  Geo Method

  $1,339,288

• Alternative Use

  Use

  Valuation

  Residential

  $1,561,496

  Hospitality

  $1,430,322

  Educational

  $1,190,011

  Medical

  $1,230,938

  Retail

  $1,851,129

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1651

Longitude

-77.6885

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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