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    14 Lake Ave Rochester, NY 14608

    Sponsored
    For Lease
    $120 SF/Yr

    Downtown Mixed-Use Opportunity

    Lot size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This meticulously maintained mixed-use building, situated on Lake Avenue near the heart of downtown, presents a unique investment opportunity. Boasting excellent visibility with an estimated 20,000 average vehicles per day passing by, this property offers a 3,000 square foot ground floor retail space currently available for lease at $2,500 per month plus utilities. The retail space features a recently remodeled commercial kitchen complete with an Ansel system, stove, grill, deep fryer, and a three-bay stainless steel sink. The building, constructed in 1920 and extensively renovated thirteen years ago, includes new plumbing, electrical, flooring, drywall, windows, kitchens, and bathrooms. The roof, installed eight years ago, received a reseal in 2023. Upstairs, five one-bedroom apartments, all occupied by long-term month-to-month tenants, provide a consistent rental income stream. Ample parking is available with a rear lot and on-street parking accommodating approximately 15-20 vehicles. The property is zoned City Center Riverfront District (CCD-R), offering flexibility for a variety of uses. The building's APN is 261400-106-610-0001-008-000 and is located in Monroe County, with a cross street of Cliff Street. This is an exceptional opportunity for an owner-occupant seeking a prime downtown location or an investor looking for a strong return.

    Property Features for 14 Lake Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,000 SF
    Total Rate
    30000

    Building Details

    Year Built/Renovated
    1920/1913
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    3,000 SF
    Rate per SF
    $120

    HighLights

    • Excellent condition mixed‑use building on Lake Avenue near Downtown, with high visibility (approx. 20,000 AVPD).
    • Completely renovated 13 years ago; new plumbing, electrical, flooring, drywall, windows, kitchens, and bathrooms. 8‑year‑old roof, resealed in 2023.
    • 3,000 SF first‑floor retail space available for lease ($2,500/month + utilities), including a commercial kitchen with Ansel system.
    • Five occupied one‑bedroom apartments on the second floor, all month‑to‑month tenants.
    • Parking for 15‑20 vehicles (rear lot and on‑street).
    • Favorable City Center Zoning District (CCD‑R) zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6255276
    Latitude
    43.1680226

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    FAQs

    What type of property is this?
    Restaurant - Downtown Mixed-Use Opportunity
    Where is this restaurant located?
    The property is located at 14 Lake Ave Rochester, NY.
    What is the lease rate?
    The lease rate is $120 SF/Yr.
    What are key features of this property?
    This property features: Excellent condition mixed-use building on Lake Avenue near Downtown, with high visibility (approx. 20,000 AVPD).; Completely renovated 13 years ago; new plumbing, electrical, flooring, drywall, windows, kitchens, and bathrooms. 8-year-old roof, resealed in 2023.; 3,000 SF first-floor retail space available for lease ($2,500/month + utilities), including a commercial kitchen with Ansel system.
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    Realmo Value Estimation

    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.

    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.

    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
    14 Lake Ave Rochester, NY 14608
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