1575 Mount Hope AveRochester, NY 14620

Property Details for 1575 Mount Hope Ave

Year built

1983

Lot size

0.48 AC

Property size (Sq ft)

2,328 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

261400 136.69-1-20.002

APU

26140013669120002

Description

This exceptional 2,328-square-foot retail space is ideally situated at 1575 Mt. Hope Avenue in Rochester, NY, just south of CollegeTown and near the intersection of Irvington Road. Previously occupied by a Walgreens Specialty Pharmacy, this single-tenant building offers excellent visibility and accessibility. The property boasts ample parking in both the front and rear, accommodating 11 vehicles. Its prime location provides easy access to major thoroughfares, including I-390 and I-590, ensuring high traffic volume. The site benefits from a strong daily traffic count of 16,118 vehicles. This location is highly desirable due to its proximity to Strong Memorial Hospital, a leading medical facility with significant daily patient and staff traffic, and the University of Rochester campus, creating a large potential customer base. The property sits on a 0.48-acre lot and was built in 1983. The building is zoned Retail 484 1 use sm bld, and its single-story design maximizes usability. A drive-up ATM for Canandaigua National Bank is also located on the property. This presents a unique opportunity for a variety of retail businesses seeking high visibility and a strategic location within a thriving community. The property's location within the CollegeTown, Strong Memorial Hospital, and RIT area submarket in Monroe County further enhances its appeal. The building's features include a total of 2,328 square feet, currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $466,157

  6.5%

  $430,299

  7%

  $399,563

• Comparable approach

  Method

  Valuation

  Relative Method

  $329,657

  Geo Method

  $227,004

• Alternative Use

  Use

  Valuation

  Residential

  $430,299

  Hospitality

  $394,151

  Educational

  $327,929

  Medical

  $339,207

  Retail

  $510,112

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1192

Longitude

-77.6206

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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