Mixed-Use Building with Loft
2314 Monroe Avenue, Rochester, NY 14618
For Sale
$384,900
Three levels provide two business suites and a separate loft workspace.
Property Size2,694 SF
Price / SF$142.87
Days on Market33
Property Features for 2314 Monroe Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Office Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Howard Hanna
(585) 381-4770
Listed By:
Blair Wisner
(585) 730-0065
Source:
Deeprootedrealty
Added: Oct 8
Changed: Nov 7
Last Checked: Nov 8 at 3:11PM
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 Howard Hanna
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Investment Insights
Based on property information with market context.
This 2,694-square-foot mixed-use property, built in 1930, has two suites arranged on the first and second floors, plus a third-floor loft office. The first-floor space includes basement storage, display windows, and signage on Monroe Avenue, with customer access from the street. The upper suite offers additional workspace. The property is zoned commercial and has 7 off-street parking spaces.
Located at 2314 Monroe Avenue in Rochester, the building is near 12 Corners and the expressway, with established businesses in the surrounding area.
Located at 2314 Monroe Avenue in Rochester, the building is near 12 Corners and the expressway, with established businesses in the surrounding area.
Key Highlights
- 2,694 square feet; built in 1930
- Two suites on the first and second floors, plus a third‑floor loft office
- 7 off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,732
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,640
$654.6K
Cap Rate 7%
$467,600
$467.6K
Cap Rate 9%
$363,689
$363.7K
Market Conditions
NOI Build-Up for 2,694 SF
Gross rent
$58.2K $21.60/SF
− Vacancy
−$5.8K −$2.16/SF
EGI
$52.4K $19.44/SF
− OpEx
−$19.6K −$7.29/SF
NOI
$32.7K $12.15/SF
Area
Rochester, NY
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,640
Cap Rate 7%
$467,600
Cap Rate 9%
$363,689
Alternative Uses
Best Use
Retail
$522.0K
$456.7K – $609.0K
NOI $36,538 @ 7.0% cap · market cap 9.49%
Second Best
Mixed Use
$467.6K
$409.2K – $545.5K
NOI $32,732 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$738.0K
$645.8K – $861.0K
NOI $51,660 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
1,255
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 35%
Home Improvements & Furnishings 6%
Arby's
Dining
9,094 visits/mo
0.4 miles
Sunoco
Shops & Services
4,935 visits/mo
0.3 miles
Canandaigua National Bank
Shops & Services
4,162 visits/mo
0.4 miles
Valvoline Instant Oil Change
Shops & Services
4,070 visits/mo
0.2 miles
Citizens Bank
Shops & Services
2,155 visits/mo
0.5 miles
Demographics for 14618, NY
23,998
Population
9,003
Households
2.7
Avg Household Size
39
Median Age
76%
College-Educated
98%
High-School Grad
9.6 sq mi
ZIP Area
2,500
Density / Sq Mi
$122,647
Median Household Income
$53,570
Median Earnings
$1,407
Median Rent
$301,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Rochester, NY
Properties on Market for Mixed-use properties in Rochester
Vacancy Rate% for Retail in Rochester, NY
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three levels provide two business suites and a separate loft workspace.
Where is this mixed-use property located?
The property is located at 2314 Monroe Avenue Rochester, NY.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: 2,694 square feet; built in 1930; Two suites on the first and second floors, plus a third‑floor loft office; 7 off‑street parking spaces
