Mixed-Use Live-Work
170-174 Griffith St Rochester, NY 14607
170-174 Griffith St, Rochester, NY, 14607
$699,000
For Sale
$699,000
Mixed-use building with two separate entrances and flexible indoor spaces plus a rooftop terrace.
Property Size3,396 SF
Price / SF$205.83
Days on Market27
Property Features for 170-174 Griffith St
General Information
- Standard status
- Active
- Size
- 3,396 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1885
Listing agency
RE/MAX Plus
(585) 481-2646
Listed by
Soo M. Kim · License #10401297655
(585) 481-2646
Source
Elliman
Added: Jun 25 Updated: Jul 20 at 5:31PM Checked: Jul 21 at 6:16AM
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 RE/MAX Plus
Investment Insights
Based on property information with market context.
170–174 Griffith Street is a mixed-use property designed to combine residential and commercial space under one roof. The layout includes two bedrooms, 2.5 bathrooms, and two kitchens split between two distinct areas, each with its own separate entrance. The residential component features an open, multi-level entertaining layout with a dedicated level that includes a wet bar and a half bath, along with expansive sliding glass doors. The rooftop terrace offers an outdoor entertaining area with a hot tub, fire feature, dining area, and multiple lounge spaces.
The commercial component provides expansive open-concept interiors with soaring ceilings, plus its own kitchen and full bath. The property is presented with iconic carriage doors that open to connect the interior space with the energy of the surrounding neighborhood.
With walk and bike accessibility scoring well and some transit access, the property is positioned for a variety of uses that benefit from an approachable, destination-style layout.
The commercial component provides expansive open-concept interiors with soaring ceilings, plus its own kitchen and full bath. The property is presented with iconic carriage doors that open to connect the interior space with the energy of the surrounding neighborhood.
With walk and bike accessibility scoring well and some transit access, the property is positioned for a variety of uses that benefit from an approachable, destination-style layout.
Key Highlights
- Mixed‑use property built in 1885 with 3,396 SF and flexible living/work space under one roof.
- Two separate entrances for residential and commercial components, each with its own kitchen (2 kitchens total).
- Residential unit features 2 bedrooms, 2.5 bathrooms total, and an entertaining level with wet bar and half bath.
Local Financial Insights For Specialty Retail
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 | $73.4k | $21.60 |
| − Vacancy | −$7.6k | −$2.22 |
| EGI | $65.8k | $19.38 |
| − OpEx | −$16.4k | −$4.84 |
| NOI | $49.3k | $14.53 |
3,396 SF · lease $21.60/SF/yr · vacancy 10.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$705.0K
$616.9K – $822.5K
NOI $49,349 @ 7.0% cap · market cap 7.06%
Second Best
Office B
$697.7K
$610.5K – $814.0K
NOI $48,841 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$930.3K
$814.0K – $1.09M
NOI $65,122 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Mixed-use building with two separate entrances and flexible indoor spaces plus a rooftop terrace.
Where is this live-work space located?
The property is located at 170-174 Griffith St Rochester, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Mixed‑use property built in 1885 with 3,396 SF and flexible living/work space under one roof.; Two separate entrances for residential and commercial components, each with its own kitchen (2 kitchens total).; Residential unit features 2 bedrooms, 2.5 bathrooms total, and an entertaining level with wet bar and half bath.
