Mixed-Use Property with Street
For Sale
Contact for pricing
55 Exchange Boulevard, Rochester, NY 14614
Ground-floor space features large windows and a downtown setting opposite Blue Cross Arena.
Property Size84,300 SF
Price / SF$0.00
Days on Market94
Property Features for 55 Exchange Boulevard
General Information
Standard status
Active
Size
84,300 SF
Property subtype
CommercialLease
Site & Location
Neighborhood
Central Business District
Corner Location
Yes
Building Details
Construction
Classical Revival
Listing Agency:
Donovan Real Estate Services
Listed By:
Brian P Donovan · License #10491202934
(716) 998-2943
Source:
Nicholcityrealty
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 24 at 5:13PM
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 Donovan Real Estate Services
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Investment Insights
Based on property information with market context.
The Gannett Building offers retail and office space within an 84,300-square-foot mixed-use property. Available first-floor space is positioned at the corner of Broad and Exchange with street exposure, while large windows and Classical Revival architecture define the building’s character. Space planning can be customized across all floors, supporting restaurant, bar, retail, or office configurations identified for the property.
The building sits across from Blue Cross Arena, a 13,000-seat venue hosting hockey, lacrosse, basketball, and concerts. Nearby activity generators include the Monroe County Hall of Justice, Monroe County Civic Center, Rochester Police Department Headquarters, and Riverside Convention Center, which provides 100,000 SF of meeting and exhibit space. Constellation Brands is relocating its headquarters to the adjacent Aqueduct Building, adding another nearby office presence.
The building sits across from Blue Cross Arena, a 13,000-seat venue hosting hockey, lacrosse, basketball, and concerts. Nearby activity generators include the Monroe County Hall of Justice, Monroe County Civic Center, Rochester Police Department Headquarters, and Riverside Convention Center, which provides 100,000 SF of meeting and exhibit space. Constellation Brands is relocating its headquarters to the adjacent Aqueduct Building, adding another nearby office presence.
Key Highlights
- 84,300‑square‑foot mixed‑use property in downtown Rochester
- First‑floor corner exposure at Broad and Exchange
- Large windows and Classical Revival architectural style
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,024,245
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,484,900
$20.5M
Cap Rate 7%
$14,632,071
$14.6M
Cap Rate 9%
$11,380,500
$11.4M
Market Conditions
NOI Build-Up for 84,300 SF
Gross rent
$1.82M $21.60/SF
− Vacancy
−$182.1K −$2.16/SF
EGI
$1.64M $19.44/SF
− OpEx
−$614.5K −$7.29/SF
NOI
$1.02M $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%
$20,484,900
Cap Rate 7%
$14,632,071
Cap Rate 9%
$11,380,500
Alternative Uses
Best Use
Office B
$17.32M
$15.16M – $20.21M
NOI $1,212,403 @ 7.0% cap · market cap 8,082,686.67%
Second Best
Retail
$16.33M
$14.29M – $19.06M
NOI $1,143,331 @ 7.0% cap · market cap 7,622,206.67%
Theoretical Best
Office A
$23.09M
$20.21M – $26.94M
NOI $1,616,537 @ 7.0% cap · market cap 10,776,913.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,114
Businesses Nearby
Explore this area
Business Placement
Demographics for 14614, NY
1,109
Population
142
Households
7.8
Avg Household Size
34
Median Age
16%
College-Educated
64%
High-School Grad
0.2 sq mi
ZIP Area
5,545
Density / Sq Mi
$63,452
Median Household Income
$43,667
Median Earnings
$1,431
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Rochester, NY
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor space features large windows and a downtown setting opposite Blue Cross Arena.
Where is this mixed-use property located?
The property is located at 55 Exchange Boulevard Rochester, NY.
What are key features of this property?
This property features: 84,300‑square‑foot mixed‑use property in downtown Rochester; First‑floor corner exposure at Broad and Exchange; Large windows and Classical Revival architectural style
