Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    53 Canal St Rochester, NY 14608

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $399,900

    Building lot in Center City District zone with flexible zoning.

    Type:Industrial
    Added:
    Apr 3, 2026
    Days on Market:
    30
    Last Refresh:
    Apr 3 at 5:16 pm

    Property Features for 53 Canal St

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Matthew M. Drouin

    Listing agent Matthew M. Drouin

    Listing office

    Listing date Apr 3, 2026

    Source Elliman

    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 Matthew M. Drouin

    Overview

    Rare Center City Building Lot

    This property presents a rare opportunity to acquire a building lot situated within the Center City District zone. The flexible zoning regulations permit the construction of industrial, multifamily, retail, or mixed-use developments, accommodating any legal use. Furthermore, the property's location within a Qualified Opportunity Zone makes it eligible for a special tax program. The area is considered a biker's paradise with a bike score of 93 and is very walkable with a walk score of 79. Public transportation is available, indicated by a transit score of 41.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.624668
    Latitude
    43.1541707

    Nearby Similar for Sale

    • $525,000
      3,645 SF

      Versatile Property in Victor Village

      High-visibility property suitable for retail, office, or mixed-use development.
      8 High Street, Rochester, NY 14564
      View Details
    • $319,900
      3,027 SF

      Prime Mixed-Use Redevelopment Opportunity

      Mixed-use property in vibrant Rochester corridor, ready for redevelopment.
      606 Monroe Avenue, Rochester, NY 14607
      View Details
    • $324,900
      2,280 SF

      Versatile Commercial Building in Rochester

      Move-in ready commercial building with permitted use variance.
      70 Cooper Road, Rochester, NY 14617
      View Details
    • $899,900
      11,624 SF

      Free-Standing Building in Henrietta

      Commercial building with flexible layout and great parking in Rochester.
      1567 E Henrietta Road, Rochester, NY 14623
      View Details
    • $699,900
      3,740 SF

      Long-Standing Rochester Restaurant Opportunity

      Restaurant for sale in Rochester with land and furnishings.
      559 E Ridge Road, Rochester, NY 14621
      View Details
    • $319,900
      6,098 SF

      Rochester Multifamily Investment Opportunity

      Turnkey 6-unit apartment building with income potential in Rochester, NY.
      363 Lake Avenue, Rochester, NY 14608
      View Details
    • $265,000
      16,586 SF

      Historic Rochester Building Redevelopment Opportunity

      16,586 SF building in downtown Rochester, prime for redevelopment.
      159 Alexander Street, Rochester, NY 14607
      View Details
    • $349,900
      2,929 SF

      Colonial Multifamily Home in Rochester

      Charming, updated multi-family home in a vibrant, walkable Rochester location.
      65-67 Oxford Street, Rochester, NY 14607
      View Details
    • $325,000
      3,600 SF

      Southwedge Retail Services Building

      Retail and distribution space in Rochester's Southwedge neighborhood.
      754 S Clinton Avenue S, Rochester, NY 14620
      View Details
    • $449,900
      5,198 SF

      Four-Unit Multifamily Home, Rochester

      Four units, 5,198 sq ft, prime Rochester location.
      30 Strathallan Park, Rochester, NY 14607
      View Details
    • $345,777

      Vacant Land in High-Traffic Area

      1+ acre commercial land with development potential in Rochester, NY.
      1150 N Greece Road, Rochester, NY 14626
      View Details
    • $350,000
      5,400 SF

      Cash-Flowing Four-Family Residential Building

      Fully occupied, updated units, consistent income, off-street parking.
      119 Rosewood Terrace, Rochester, NY 14609
      View Details

    FAQs

    What type of property is this?
    Commercial land - Building lot in Center City District zone with flexible zoning.
    Where is this commercial land located?
    The property is located at 53 Canal St Rochester, NY.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Rare opportunity to acquire a building lot in Center City District.; Flexible zoning permits industrial, multifamily, retail, or mixed‑use development.; Located in a Qualified Opportunity Zone, offering potential tax benefits.
    (585) 298-1101
    We can help!
    Listing Contact
    Matthew M. Drouin
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    53 Canal St, Rochester, NY 14608

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!