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Single-Tenant Office Building
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186-188 N Water St, Rochester, NY 14604

Fully built-out office space on the first floor and lower level, leased to a single tenant through 12/31/26.

Property Size14,300 SF
Price / SF$59.44
Days on Market161

Property Features for 186-188 N Water St

General Information

Standard status Active
Size 14,300 SF
Class B
Property subtype Office
Occupancy 100%

Additional Details

Highway Access Yes

Building Details

Buildings 1
Stories 2
Tenancy Single
Listing Agency: Anchor Real Estate Advisors LLC
Listed By: Joseph L. Rowley (III) · License #NY 10491211217
Source: Crexi
Added: Apr 1 Changed: Sep 7 Last Checked: Sep 7 at 12:30PM

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 Anchor Real Estate Advisors LLC

Investment Insights

Based on property information with market context.

This office building is fully built out as professional office space on both the 1st floor and the lower level. The interior includes a combination of private offices, open areas, and conference rooms, supporting a functional mix of team space and meeting needs. A freight elevator is located within the building and could be re-activated or converted for passenger use.

The property is conveniently located next to the inner loop, providing easy access to the local highway system. Restaurants and other amenities are within walking distance, including the Roc the Riverway development currently underway.

The building is currently leased by a single tenant, with the lease expiration on 12/31/26.

Key Highlights

  • Entire property is leased to a single tenant through 12/31/26
  • Fully built‑out professional office space on both the 1st floor and lower level
  • Office layout includes private offices, open areas, and conference rooms

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Tanning Salon Veterinary Clinic Butcher Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

4,207
Businesses Nearby

Demographics for 14604, NY

3,138
Population
2,367
Households
1.3
Avg Household Size
39
Median Age
62%
College-Educated
94%
High-School Grad
0.3 sq mi
ZIP Area
10,460
Density / Sq Mi
$63,672
Median Household Income
$62,935
Median Earnings
$1,253
Median Rent
$705,100
Median Home Value

Market

Vacancy Rate% for Office in Rochester, NY

8.6% 2019
13.1% 2020
15.9% 2021
22.8% 2022
22.6% 2023
22.1% 2024
20.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Fully built-out office space on the first floor and lower level, leased to a single tenant through 12/31/26.
Where is this office building located?
The property is located at 186-188 N Water St Rochester, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Entire property is leased to a single tenant through 12/31/26; Fully built‑out professional office space on both the 1st floor and lower level; Office layout includes private offices, open areas, and conference rooms
(585) 230-8634 Call to check price and availability
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