228 Plymouth AveRochester, NY 14608

Property Details for 228 Plymouth Ave

Year built

1980

Lot size

0.63 AC

Property size (Sq ft)

13,772 SF

Property type

Office properties

Property subtype

Office buildings

APN

261400 121.38-2-25.001

APU

26140012138225001

Description

This two-story, 13,772 square foot Class B office building in Rochester, NY's Corn Hill neighborhood, is offered for sale with a leaseback option. Located on South Plymouth Avenue, directly off I-490, the property boasts a prime location with over 40 paved parking spots and dual curb cuts. The building features a flexible floor plan including professional office suites, conference rooms, kitchenettes, break rooms, and restrooms. Multiple entrances, including a glass-walled atrium, allow for easy division of space for multiple tenants. Abundant natural light is provided by large windows and awnings. A significant asset is the 57kW rooftop solar system installed in 2020, generating approximately 55MWh annually and providing a $5,000 annual NYS tax exemption. This system can significantly offset utility expenses. The property is zoned R-3, allowing for diverse uses. Additional leases were signed in June 2024. The building was constructed in 1980 and sits on a 27,443 square foot lot. Financial details are available upon request. This presents a unique owner-user opportunity with potential for leaseback income.

• CAP approach

  CAP return

  Valuation

  6%

  $2,223,947

  6.5%

  $2,052,874

  7%

  $1,906,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,258,185

  Geo Method

  $1,052,576

• Alternative Use

  Use

  Valuation

  Residential

  $2,545,564

  Hospitality

  $2,331,723

  Educational

  $1,939,966

  Medical

  $2,006,685

  Retail

  $3,017,726

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1505

Longitude

-77.6134

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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