186-188 Water StRochester, NY 14604

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,308,550

  6.5%

  $1,207,890

  7%

  $1,121,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $653,211

  Geo Method

  $546,519

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,494,140

  Retail / Commercial

  $1,256,260

  Mixed-Use / Specialty

  $1,233,870

  Hospitality / Lodging

  $881,942

  Institutional / Educational

  $1,276,330

  Residential Income

  $1,493,310

  Multifamily

  $1,890,260

  Automotive / Energy

  $1,094,000

  Parking / Income-Based Land

  $395,216

  Restaurant / Food Service

  $603,534

  Healthcare / Senior Housing

  $1,283,680

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

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