551 Main StRochester, NY 14604

Property Details for 551 Main St

Year built

1900

Lot size

0.24 AC

Property size (Sq ft)

2,543 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

261400 106.81-2-13

APU

26140010681213

Description

This exceptional commercial property, located at 551 E Main St in Rochester, NY, presents a compelling investment opportunity. The 5,651 square foot building sits on a 0.24-acre lot and boasts a prime Main Street location. Currently configured as four separate rental spaces, all tenants are on month-to-month leases, providing flexibility for future development or continued rental income. Each unit benefits from its own separate utilities, simplifying management and cost allocation. The property's strong location and existing rental income stream make it an attractive prospect for investors seeking a stable return or those with plans for future renovations and repositioning. The building's potential is significant, allowing for a variety of uses and adaptations to suit a range of business needs. Serious inquiries only. Please schedule an appointment before contacting tenants. The asking price is $249,900. This is a rare opportunity to acquire a well-situated commercial property in a thriving Rochester neighborhood. Don't miss out on this chance to secure a valuable asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $410,652

  6.5%

  $379,063

  7%

  $351,987

• Comparable approach

  Method

  Valuation

  Relative Method

  $232,324

  Geo Method

  $263,142

• Alternative Use

  Use

  Valuation

  Residential

  $470,038

  Hospitality

  $430,553

  Educational

  $358,215

  Medical

  $370,534

  Retail

  $557,223

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1589

Longitude

-77.5976

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].