305 Tremont StRochester, NY 14608

Property Details for 305 Tremont St

Year built

1930

Lot size

0.62 AC

Property size (Sq ft)

7,788 SF

Property type

Manufacturing properties

APN

261400 121.45-1-63.002

APU

26140012145163002

Description

This exceptional 13,750-square-foot warehouse, situated on a 0.62-acre lot in Rochester, NY, presents a compelling investment opportunity. Built in 1930, this Class C industrial property boasts three loading docks with three dock-high doors, and an 18-foot ceiling height. Currently operating as a multi-tenant property with two tenants, the building offers a 75% occupancy rate, generating a strong net operating income (NOI) of $57,787. The current lease structure is NNN with a remaining term of approximately 1.6 years, expiring June 30, 2026. The asking price is $850,000, translating to $61.82 per square foot. The property is zoned R-1 and features a 1-story building. Its prime location offers easy access to major transportation routes, including proximity to the Frederick Douglass Greater Rochester International Airport, making it an ideal location for various industrial uses. The property's strong cash flow, combined with its strategic location and potential for future growth, makes it an attractive investment for owner-users seeking to expand their operations or investors looking for a stable, high-return asset in a thriving market. The property is currently 75% occupied as of September 1, 2023.

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1476

Longitude

-77.6237

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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