520 Monroe AveRochester, NY 14607

Property Details for 520 Monroe Ave

Year built

1930

Lot size

0.30 AC

Property size (Sq ft)

4,114 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

261400 121.58-1-3.001

APU

2614001215813001

Description

This exceptional 8,861 square foot warehouse building, located at 520-522 Monroe Avenue, presents a significant investment opportunity. Situated conveniently behind The Avenue Pub and easily accessible via S. Goodman St., this single-tenant property offers a blend of industrial and retail potential. The building, constructed in 1930, boasts a substantial 2,748 square feet of vacant space ready for immediate occupancy. The existing layout includes a well-appointed built-out office and kitchen area, adding versatility to its use. High ceilings, ranging from 12 to 14 feet, provide ample vertical space for storage or specialized equipment. Two convenient at-grade loading doors, each measuring 10x12 feet, ensure efficient loading and unloading operations. The property's prime location and versatile space make it ideal for a variety of businesses seeking a well-established presence in a thriving area. The combination of existing improvements and vacant space allows for customization to meet specific operational needs. This is a rare opportunity to acquire a well-positioned warehouse building with significant potential for growth and return on investment. The property's history and established location offer a unique blend of character and modern functionality. Don't miss this chance to secure a valuable asset in a desirable commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $664,342

  6.5%

  $613,239

  7%

  $569,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $375,848

  Geo Method

  $425,696

• Alternative Use

  Use

  Valuation

  Residential

  $760,416

  Hospitality

  $696,537

  Educational

  $579,511

  Medical

  $599,441

  Retail

  $901,461

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1465

Longitude

-77.5929

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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