186-188 Water StRochester, NY 14604

  • Office properties
  • 7,150 SF
For Lease
$7.50/SF/YR View listing

Property Details for 186-188 Water St

Year built
1930
Lot size
0.17 AC
Property size (Sq ft)
7,150 SF
Property type
Office properties
Property subtype
Office buildings
APN
261400 106.79-1-4.001
APU
2614001067914001

Description

This exceptional 7,000 square foot office space, located at 186-188 North Water Street in downtown Rochester, NY 14604, is available for lease. Previously occupied by an engineering firm, the lower-level space offers a flexible layout including numerous private offices, open work areas with built-in workstations, and multiple conference rooms. The space is easily divisible into two suites, each approximately 3,000-4,000 square feet, depending on tenant needs. The entire building encompasses 14,300 square feet and is classified as Class B. This prime location offers unparalleled convenience, situated next to the inner loop for easy access to major highways. A variety of restaurants and amenities are within walking distance, including the nearby Roc the Riverway development. This is a fantastic opportunity for a business seeking a well-appointed, adaptable space in a vibrant downtown setting. The property is a single-tenant occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,154,605
    6.5%
    $1,065,790
    7%
    $989,662
  • Comparable approach

    Method
    Valuation
    Relative Method
    $653,211
    Geo Method
    $546,519
  • Alternative Use

    Use
    Valuation
    Residential
    $1,321,579
    Hospitality
    $1,210,559
    Educational
    $1,007,171
    Medical
    $1,041,809
    Retail
    $1,566,710
186-188 Water St, Rochester, New York

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.1602
Longitude
-77.6112
CBSA code
40380
CBSA name
ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$32,200
$467,800
$500,000
-
$38,795
$563,615
$602,410

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