1551 Mount Hope AveRochester, NY 14620

Property Details for 1551 Mount Hope Ave

Year built

1976

Lot size

0.19 AC

Property size (Sq ft)

1,995 SF

Property type

Turn key restaurants

APN

261400 136.61-3-37

APU

26140013661337

Description

This exceptional 2,990 square foot commercial property, located at 1551 Mount Hope Avenue in Rochester, NY, presents a dynamic investment opportunity. Situated on a 0.19-acre lot, this all-brick building boasts a fully equipped kitchen, capable of serving up to 124 patrons, making it ideal for a variety of uses. Its prime location, just two blocks from Strong Hospital, the University of Rochester, and the new College Town development, ensures high visibility and significant foot traffic—over 17,000 cars per day. The property includes all furniture, fixtures, and equipment, representing a true turnkey operation. A full basement with a walk-in cooler provides ample storage space. The building is currently configured as a bar/restaurant, but its versatility allows for a range of commercial ventures. The sale includes the land, building, and all equipment. This is a rare opportunity to acquire a well-established, high-traffic commercial property in a rapidly growing area of Rochester. The asking price is $425,000. Lease options may also be available.

• CAP approach

  CAP return

  Valuation

  6%

  $379,733

  6.5%

  $350,522

  7%

  $325,485

• Comparable approach

  Method

  Valuation

  Relative Method

  $189,550

  Geo Method

  $130,526

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $695,916

  Mixed-Use / Specialty

  $344,277

  Hospitality / Lodging

  $246,080

  Office

  $337,028

  Institutional / Educational

  $356,124

  Residential Income

  $416,665

  Multifamily

  $527,422

  Automotive / Energy

  $305,249

  Parking / Income-Based Land

  $110,274

  Restaurant / Food Service

  $168,399

  Healthcare / Senior Housing

  $358,173

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1199

Longitude

-77.6202

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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