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    238-242 South Ave Rochester, NY 14604

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    For Sale
    $1,600,000

    Renovated mixed-use building with commercial space and loft apartments.

    Lot size:
    0.10 Acres

    Property Features for 238-242 South Ave

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1900

    Source: Howard Hanna Agent Linda L. Bober

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Mixed-Use Investment Opportunity

    This renovated, all-brick mixed-use building offers over 4,000 sq. ft. of commercial and residential space in Rochester's downtown business district. Renovated in 2019, the property features modern plumbing, electrical, and HVAC systems. The first floor features a fully leased bar/restaurant space with a tenant in place. The upper floors feature four loft apartments, each offering open-concept layouts with high ceilings, contemporary finishes and modern design, stainless steel appliances, and separate heating and A/C systems. All units are on a yearly lease. The property is located with convenient access to public transportation and near Geva Theatre, the Strong Museum, and many restaurants. This is an investment property.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6066522
    Latitude
    43.1516314

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated mixed-use building with commercial space and loft apartments.
    Where is this mixed-use property located?
    The property is located at 238-242 South Ave Rochester, NY.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Turnkey, fully leased mixed-use property generating immediate rental income.; - Prime downtown location in Rochester's business district.; - Renovated in 2019 with modern plumbing, electrical, and HVAC systems.
    (585) 594-4333
    Request Owner's contact information
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    Rochester, NY 14604
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    Realmo Value Estimation

    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.

    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.

    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
    238-242 South Ave Rochester, NY 14604
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