300 White Spruce BlvdRochester, NY 14623
- Office properties
- 17,830 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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