East Avenue Mixed-Use
1700 E Ave Rochester, NY
1700 E Ave, Rochester, NY, 00000
Contact for pricing
For Sale
Contact for pricing
Fully leased mixed-use property with residence and commercial kitchen.
Property Size3,056 SF
Lot Size0.18 Acres
Price / SF$129.25
Days on Market475
Property Features for 1700 E Ave
General Information
- Standard status
- Active
- Size
- 3,056 SF
- Lot size
- 0.18 Acres
- Property subtype
- OFFICE
Listing Agency
Jim Pappas Commercial Real Estate
(585) 424-6007
Listed by
James (Jim) P. Pappas
Source
Moodyscre
Added: Apr 3, 2025 Updated: Jul 10 at 11:54 am Checked: Jul 20 at 3:59 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jim Pappas Commercial Real Estate
Investment Insights
Based on property information with market context.
This fully leased property is located on East Avenue, next to Wegmans. It features a 1,968-square-foot residence and a 1,088-square-foot commercial kitchen. The residence includes hardwood floors throughout. A detached two-car garage and a parking lot are located at the rear of the property. Permitted uses for the property include single-family residence, multi-family residence, live-work space, and office. Recent improvements include a remodeled kitchen with new appliances in 2023, new windows throughout the residence, an updated upstairs bathroom in 2023, a new front door and sidelight, a new garage door and opener, new gutters, and completely redone landscaping. Commercial kitchen equipment is included in the sale.
Key Highlights
- Fully Leased – P&L available upon request
- Highly sought after location on East Avenue next to Wegmans!
- Commercial kitchen equipment included in sale!
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.7k | $15.60 |
| − Vacancy | −$3.1k | −$1.03 |
| EGI | $44.5k | $14.57 |
| − OpEx | −$13.4k | −$4.37 |
| NOI | $31.2k | $10.20 |
3,056 SF · lease $15.60/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$634.4K
$555.1K – $740.1K
NOI $44,408 @ 7.0% cap · market cap 11.24%
Second Best
Retail
$592.1K
$518.1K – $690.8K
NOI $41,447 @ 7.0% cap · market cap 10.49%
Theoretical Best
Office A
$837.2K
$732.5K – $976.7K
NOI $58,602 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Fully leased mixed-use property with residence and commercial kitchen.
Where is this live-work space located?
The property is located at 1700 E Ave Rochester, NY.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Fully Leased – P&L available upon request; Highly sought after location on East Avenue next to Wegmans!; Commercial kitchen equipment included in sale!
