1208 Scottsville RdRochester, NY 14624

Property Details for 1208 Scottsville Rd

Year built

2017

Lot size

2.14 AC

Property size (Sq ft)

10,212 SF

Zone code

05 - COMMERCIAL

Property type

Office buildings

APN

262200 135.03-1-9.11

APU

262200135031911

Description

This exceptional investment opportunity presents a fee simple interest in two high-performing retail properties, totaling 25,032 square feet. Located in Rochester, NY (1208 Scottsville Rd, 14624) and Paterson, NJ (350 Preakness Ave, 07502), the portfolio boasts a strong 5.10% capitalization rate and a substantial net operating income (NOI) of $958,625. The properties are fully occupied by national tenants Walgreens and Fresenius Kidney Care, ensuring stable cash flow. Built in 2011 and 2017, these properties represent a blend of modern construction and established tenancy. The asking price is $18,796,000, translating to a price per square foot of $750.88. The Rochester property is situated in Monroe County, NY, while the Paterson property is located in Passaic County, NJ. This portfolio offers a compelling investment opportunity with strong tenant occupancy, significant NOI, and a desirable cap rate. The properties are held under fee simple ownership, encompassing both land and buildings. The combined APNs are 262200 135.03-1-9.11 & 08 01204-0000-00008.

• CAP approach

  CAP return

  Valuation

  6%

  $1,868,940

  6.5%

  $1,725,180

  7%

  $1,601,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $932,950

  Geo Method

  $642,437

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,562,250

  Retail / Commercial

  $1,794,250

  Mixed-Use / Specialty

  $1,762,280

  Hospitality / Lodging

  $1,259,640

  Institutional / Educational

  $1,822,920

  Residential Income

  $2,132,820

  Multifamily

  $2,699,760

  Automotive / Energy

  $1,562,510

  Parking / Income-Based Land

  $564,468

  Restaurant / Food Service

  $861,999

  Healthcare / Senior Housing

  $1,833,410

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1177

Longitude

-77.6567

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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