Mixed-Use Building with Retail and
2316-2322 Lyell Avenue, Rochester, NY 14606
Six-unit property offers ground-floor retail and newly built second-floor offices on a high-traffic commercial corridor.
Type:Mixed Use
Property size:
7,752 SFPrice / SF:
$174/SF- Added:
- Jun 19, 2026
- Days on Market:
- 16
- Last Refresh:
- Jun 24 at 5:00 am
Property Features for 2316-2322 Lyell Avenue
General Information
- Standard status
- Active
- Size
- 7,752 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1965
Listing office REN Management Group LLC
Listing date Jun 19, 2026
Source Crexi
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 REN Management Group LLC
HighLights
- Six‑unit mixed‑use building with 3 ground‑floor retail suites and 3 second‑floor professional office units
- Second‑floor offices were newly constructed and completed July 2024 with 3 modern office suites built to current codes
- New roof installed in 2023, plus all‑new mechanical systems including HVAC, electrical, and plumbing throughout the building
- Ground‑floor retail suites offer existing tenancy history and visibility from Lyell Avenue's 28,000+ daily vehicles
Overview
2316-2322 Lyell Avenue is a six-unit mixed-use property configured with three ground-floor retail suites and three second-floor professional office units. The retail level consists of existing units. The entire second floor is new construction completed in July 2024, delivering three modern office suites built to current codes and standards. The building also received a new roof in 2023 and has all-new mechanical systems, including HVAC, electrical, and plumbing.
The property is positioned on one of Rochester’s most active commercial corridors, with visibility from Lyell Avenue and 28,000+ daily vehicles. This combination of street-facing retail space and professional office suites supports a practical mixed-use operating profile.
For investors or owner-operators, the asset provides both established retail income and a brand-new office component within a single acquisition. For professional users, the second-floor suites benefit from recently completed construction and newly installed building systems, helping reduce near-term capital planning. The property’s straightforward unit mix can also simplify leasing and property management across retail and office tenants.
The property is positioned on one of Rochester’s most active commercial corridors, with visibility from Lyell Avenue and 28,000+ daily vehicles. This combination of street-facing retail space and professional office suites supports a practical mixed-use operating profile.
For investors or owner-operators, the asset provides both established retail income and a brand-new office component within a single acquisition. For professional users, the second-floor suites benefit from recently completed construction and newly installed building systems, helping reduce near-term capital planning. The property’s straightforward unit mix can also simplify leasing and property management across retail and office tenants.
Local Financial Insights For Office B
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 | $186.0k | $24.00 |
| − Vacancy | −$37.4k | −$4.82 |
| EGI | $148.7k | $19.18 |
| − OpEx | −$37.2k | −$4.79 |
| NOI | $111.5k | $14.38 |
7,752 SF · lease $24.00/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.86M
NOI $111,489 @ 7.0% cap · market cap 8.26%
Second Best
Retail
$1.50M
$1.31M – $1.75M
NOI $105,138 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,652 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.6883955
- Latitude
- 43.1650626
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Six-unit property offers ground-floor retail and newly built second-floor offices on a high-traffic commercial corridor.
Where is this mixed-use property located?
The property is located at 2316-2322 Lyell Avenue Rochester, NY.
What is the asking price?
The asking price for this property is $1,349,998.
What are key features of this property?
This property features: Six‑unit mixed‑use building with 3 ground‑floor retail suites and 3 second‑floor professional office units; Second‑floor offices were newly constructed and completed July 2024 with 3 modern office suites built to current codes; New roof installed in 2023, plus all‑new mechanical systems including HVAC, electrical, and plumbing throughout the building
