Motel with 28
For Sale
$2,300,000
360 Mount Read Boulevard, Rochester, NY 14611
Established motel on a high-visibility corner with 28 rooms, plenty of parking, and leaseholds and equipment conveyed as-is.
Days on Market363
Property Features for 360 Mount Read Boulevard
General Information
Standard status
Active
Property subtype
Business
Building Details
Building Size
14,902 SF
Year Built
1950
Listing Agency:
Empire Realty Group
(585) 474-5677
Listed By:
Daniela Polidor · License #10401247065
(585) 474-5677
Source:
Highfallssir
Added: Aug 4, 2025
Changed: Jul 31
Last Checked: Jul 31 at 5:17AM
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 Empire Realty Group
Investment Insights
Based on property information with market context.
This established motel offers 28 rooms on a high-visibility corner setting. The property includes plenty of parking to support guest arrivals and stays. Built in 1950, the motel is offered with leaseholds and equipment conveyed as-is.
The motel’s corner location is positioned for strong visibility, with access supported by the on-site parking. The business does not convey.
Prospective buyers should review the conveyed leaseholds and equipment terms closely, since the offer is structured to include those items as-is while excluding the business itself.
The motel’s corner location is positioned for strong visibility, with access supported by the on-site parking. The business does not convey.
Prospective buyers should review the conveyed leaseholds and equipment terms closely, since the offer is structured to include those items as-is while excluding the business itself.
Key Highlights
- 28‑room motel on a high‑visibility corner
- Plenty of on‑site parking
- Leaseholds and equipment conveyed as‑is
Financial Insights For Hotel Hospitality
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 | $214.6k | $14.40 |
| − Vacancy | −$32.2k | −$2.16 |
| EGI | $182.4k | $12.24 |
| − OpEx | −$95.8k | −$6.43 |
| NOI | $86.6k | $5.81 |
14,902 SF · lease $14.40/SF/yr · vacancy 15.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$1.24M
$1.08M – $1.44M
NOI $86,640 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,761 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14611, NY
18,586
Population
8,292
Households
2.2
Avg Household Size
32
Median Age
12%
College-Educated
80%
High-School Grad
2.9 sq mi
ZIP Area
6,409
Density / Sq Mi
$29,870
Median Household Income
$27,109
Median Earnings
$1,024
Median Rent
$77,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Private residence — 6 milliner st, rochester, ny 14611
- 490 motel — 360 Mt Read Blvd, Rochester, NY 14611
Frequently Asked Questions
What type of property is this?
Motel - Established motel on a high-visibility corner with 28 rooms, plenty of parking, and leaseholds and equipment conveyed as-is.
Where is this motel located?
The property is located at 360 Mount Read Boulevard Rochester, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 28‑room motel on a high‑visibility corner; Plenty of on‑site parking; Leaseholds and equipment conveyed as‑is
