300 White Spruce BlvdRochester, NY 14623

Property Details for 300 White Spruce Blvd

Year built

1976

Lot size

1.50 AC

Property size (Sq ft)

17,830 SF

Zone code

05 - COMMERCIAL

Property type

Office buildings

APN

262000 149.09-1-6

APU

2620001490916

Description

Southview Commons, located at 300 White Spruce Blvd in Rochester, NY (Monroe County, zip code 14623), presents a compelling value-add investment opportunity. This two-story, Class B office building totals 27,105 square feet and offers a blend of medical and traditional office space. The property boasts a multi-tenant configuration, with a full floor (second floor) currently available, making it ideal for an owner-occupant. Recent renovations in 2022 encompassed the lobby, common areas, roof, exterior, and parking areas. Situated in a prime suburban location within the Town of Brighton, Southview Commons benefits from excellent expressway access and proximity to numerous amenities. These include other office parks, hotels, multi-family residential developments, retail options, Monroe Community College, and the University of Rochester Medical Center (Strong). The asking price is $4,900,000, translating to $180.78 per square foot. This property represents a strong investment prospect in a thriving Rochester, NY market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,879,246

  6.5%

  $2,657,766

  7%

  $2,467,926

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,628,916

  Geo Method

  $1,121,685

• Alternative Use

  Use

  Valuation

  Residential

  $3,295,630

  Hospitality

  $3,018,779

  Educational

  $2,511,589

  Medical

  $2,597,966

  Retail

  $3,906,916

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1037

Longitude

-77.6189

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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