Three-Building Mixed-Use Retail
For Sale
$2,705,000
497 MONROE AVE, Rochester, NY 14607
Fully leased three-building portfolio featuring street-level retail and a residential penthouse along Monroe Avenue.
Property Size26,150 SF
Price / SF$103.44
Days on Market73
Property Features for 497 MONROE AVE
General Information
Standard status
Active
Size
26,150 SF
Property subtype
General Commercial
Occupancy
100%
Additional Details
Cap Rate
7.5%
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$18,324
Amenities
A/C - Other
3
Other
7 Parking Spaces.
100X50
Other Road Type.
Building Details
Year Built
1920
Stories
2
Tenancy
Multi
Listing Agency:
Benchmark Realty Advisors, LLC
(585) 398-2140
Listed By:
Michael Bowler · License #10401380884
(585) 398-2140
Source:
Xome
Added: Jun 12
Changed: Aug 23
Last Checked: Aug 23 at 4:07AM
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 Benchmark Realty Advisors, LLC
Investment Insights
Based on property information with market context.
Offered as a fully leased, three-building mixed-use commercial portfolio totaling 26,150 SF along Lower Monroe Avenue. The portfolio includes 171-183 Monroe with 6,736 SF of ground-level retail, 182-186 Monroe with 8,614 SF of retail plus a residential penthouse, and 190-194 Monroe (Yellow Square) with approximately 10,800 SF featuring a bar/restaurant, salon studio, and a 5,400 SF artist loft/event space with high ceilings and a freight elevator.
The buildings are positioned at the southern gateway to Rochester’s Inner Loop East and the Neighborhood of Play redevelopment corridor. The portfolio is steps from the Strong National Museum of Play and its ongoing expansion, near a new 175-room Hampton Inn & Suites, and within a walkable area to Downtown Rochester, Park Avenue, and the Neighborhood of the Arts. Regional transportation access includes RTS bus service, with I-490 and ROC airport within 15 minutes.
Occupancy is reported at 100% with a diverse tenant mix of retail, restaurant, service, and residential operations, and the offering is presented as a portfolio at a 7.5% blended cap.
The buildings are positioned at the southern gateway to Rochester’s Inner Loop East and the Neighborhood of Play redevelopment corridor. The portfolio is steps from the Strong National Museum of Play and its ongoing expansion, near a new 175-room Hampton Inn & Suites, and within a walkable area to Downtown Rochester, Park Avenue, and the Neighborhood of the Arts. Regional transportation access includes RTS bus service, with I-490 and ROC airport within 15 minutes.
Occupancy is reported at 100% with a diverse tenant mix of retail, restaurant, service, and residential operations, and the offering is presented as a portfolio at a 7.5% blended cap.
Key Highlights
- Fully‑leased, three‑building mixed‑use commercial portfolio totaling 26,150 SF on Lower Monroe Ave.
- 171‑183 Monroe includes 6,736 SF ground‑level retail.
- 182‑186 Monroe offers 8,614 SF retail plus a residential penthouse.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,272
Businesses Nearby
136k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 39%
Hotels & Casinos 8%
Home Improvements & Furnishings 3%
McDonald's
Dining
31,020 visits/mo
0.1 miles
Dunkin' Donuts
Dining
16,744 visits/mo
0.3 miles
Burger King
Dining
13,699 visits/mo
0.2 miles
Speedway
Shops & Services
11,749 visits/mo
0.4 miles
Hampton Inn
Hotels & Casinos
10,290 visits/mo
0.5 miles
Demographics for 14607, NY
16,298
Population
11,971
Households
1.4
Avg Household Size
32
Median Age
60%
College-Educated
95%
High-School Grad
1.7 sq mi
ZIP Area
9,587
Density / Sq Mi
$56,270
Median Household Income
$44,018
Median Earnings
$1,129
Median Rent
$304,100
Median Home Value
Market
Vacancy Rate% for Retail in Rochester, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fully leased three-building portfolio featuring street-level retail and a residential penthouse along Monroe Avenue.
Where is this retail space located?
The property is located at 497 MONROE AVE Rochester, NY.
What is the asking price?
The asking price for this property is $2,705,000.
What are key features of this property?
This property features: Fully‑leased, three‑building mixed‑use commercial portfolio totaling 26,150 SF on Lower Monroe Ave.; 171‑183 Monroe includes 6,736 SF ground‑level retail.; 182‑186 Monroe offers 8,614 SF retail plus a residential penthouse.
