Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Rochester Redevelopment Opportunity Title is generated by Realmo AI

    140 E Main Street, Rochester, NY 14604

    View on Map
    Claim this Listing
    For Sale
    $2,995,000

    COMMERCIAL - Rochester, NY

    Property size:
    55,000 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $54/SF
    Added:
    Oct 14, 2024
    Days on Market:
    584
    Last Refresh:
    May 20 at 5:06 am

    Property Features for 140 E Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Rooms
    Basement
    Standard status
    Active
    APN
    121.23-2-5.001
    Size
    55,000 SF
    Lot size
    0.24 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Zoned
    Cooling system
    Zoned, Central Air
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    5
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Masonry, Concrete
    Roof type
    Membrane, Rubber, Flat

    We can help!

    Listing Contact
    John Antetomaso
    John Antetomaso

    Listing agent John Antetomaso License #49AN1151017

    Listing office RE/MAX Plus 2171 Monroe Avenue, Rochester, NY

    Listing date Oct 14, 2024

    MLS# R1570030

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Redevelopment Opportunity: 55,000 sq. ft. building in downtown Rochester.
    • Mix Use Potential: Suitable for residential and commercial development.
    • Gutted Floors: Ready for immediate rehabilitation and customization.
    • Incentives Available: Located in the Main Street Corridor with potential financial benefits.
    • Free Standing Building: Offers great exposure and independent structure.
    • Five Floors Plus Basement: Provides ample space for various development plans.

    Overview

    This 55,000 sq. ft. commercial building presents a redevelopment opportunity in the heart of downtown Rochester. The free-standing building offers great exposure and is zoned for commercial use. The property, situated on a 0.24-acre lot, is suitable for mixed-use development, blending residential and commercial spaces. It also presents a corporate office space opportunity. The building features five floors plus a full basement. The floors have been gutted and are ready for rehabilitation. Incentives are available for the Main Street Corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rochester Auto Museum Museum North Star Real ... Real Estate Agency Frederick Douglass Family ... Charitable Organization Lam Co Construction Company

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.608497
    Latitude
    43.156872

    Nearby Similar for Sale

    • $525,000
      3,645 SF

      Versatile Property in Victor Village

      High-visibility property suitable for retail, office, or mixed-use development.
      8 High Street, Rochester, NY 14564
      View Details
    • $1,100,000
      9,280 SF

      Brewery in LaSalle's Landing District

      Commercial property with restaurant potential and outdoor beer garden.
      1221 Empire Boulevard, Rochester, NY 14609
      View Details
    • $324,900
      2,280 SF

      Versatile Commercial Building in Rochester

      Move-in ready commercial building with permitted use variance.
      70 Cooper Road, Rochester, NY 14617
      View Details
    • $899,900
      11,624 SF

      Free-Standing Building in Henrietta

      Commercial building with flexible layout and great parking in Rochester.
      1567 E Henrietta Road, Rochester, NY 14623
      View Details
    • $649,900
      3,740 SF

      Rochester Restaurant Opportunity For Sale

      Long-standing Rochester restaurant with land, building, and furnishings.
      559 E Ridge Road, Rochester, NY 14621
      View Details
    • $1,900,000
      19,401 SF

      Rochester Multifamily Investment Opportunity

      Solid brick building with high annual gross income.
      312 Lake Avenue, Rochester, NY 14608
      View Details
    • $319,900
      6,098 SF

      Rochester Multifamily Investment Opportunity

      Turnkey 6-unit apartment building with income potential in Rochester, NY.
      363 Lake Avenue, Rochester, NY 14608
      View Details
    • $270,000
      3,027 SF

      Prime Mixed-Use Redevelopment Opportunity

      Mixed-use property in Rochester's vibrant Pearl-Meigs-Monroe corridor.
      606 Monroe Avenue, Rochester, NY 14607
      View Details
    • $265,000
      16,586 SF

      Historic Rochester Building Redevelopment Opportunity

      16,586 SF building in downtown Rochester, prime for redevelopment.
      159 Alexander Street, Rochester, NY 14607
      View Details
    • $299,000
      1,657 SF

      Freestanding Business Building For Sale

      Turnkey, highly visible building with ample parking and renovated features.
      4105 W Henrietta Road, Rochester, NY 14623
      View Details
    • $325,000
      3,600 SF

      Southwedge Retail Services Building

      Retail and distribution space in Rochester's Southwedge neighborhood.
      754 S Clinton Avenue S, Rochester, NY 14620
      View Details
    • $424,900
      5,198 SF

      Four-Unit Multifamily Home in Rochester

      Four units, 5,198 sq ft, 0.19-acre lot in Rochester.
      30 Strathallan Park, Rochester, NY 14607
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 55,000 sq ft building in downtown Rochester for redevelopment.
    Where is this mixed-use property located?
    The property is located at 140 E Main Street Rochester, NY.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: Prime Redevelopment Opportunity: 55,000 sq. ft. building in downtown Rochester.; Mix Use Potential: Suitable for residential and commercial development.; Gutted Floors: Ready for immediate rehabilitation and customization.
    (585) 787-8888
    We can help!
    Listing Contact
    John Antetomaso
    John Antetomaso
    Real Estate License ID: 49AN1151017
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    140 E Main Street, Rochester, NY 14604
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!