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    520 Monroe Ave Rochester, NY 14607

    For Sale
    $675,000

    Historic Monroe Ave Retail Property

    Property size:
    8,861 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a mixed-use property located at 520-522 Monroe Avenue in Rochester, New York. The 8,861 square foot building, constructed in 1930, boasts a strong anchor tenant: a bar and restaurant operating successfully for 50 years. The property also includes three apartments and a warehouse, adding to its diverse income streams. The building is classified as Class C and features a modified lease type with multiple tenancies. The lot size is 0.3 acres, providing ample space. Parking is available at a rate of 2.35 spaces per 1,000 square feet. The property's asking price is $675,000, with a projected cap rate of 8.50%. The building is a two-story structure with a clear ceiling height of 12 feet. The property's Assessed Parcel Number (APN) is 261400-121-580-0001 : 003-001-0000. This is a rare chance to acquire a well-established, multi-faceted property in a desirable Rochester location. The combination of a long-term tenant, additional rental units, and warehouse space makes this an attractive investment with significant potential for future growth and returns.

    Property Features for 520 Monroe Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,861 SF
    Class
    C
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1930
    Stories
    2

    HighLights

    • Mixed‑use property, 8,861 SF, 520‑522 Monroe Ave, Rochester, NY.
    • Strong anchor tenant (bar/restaurant) with 50‑year history.
    • Three apartments and warehouse provide diverse income streams.
    • Class C building, 0.3‑acre lot, 2.35 parking spaces per 1,000 SF.
    • Asking price: $675,000, projected 8.50% cap rate.
    • Two‑story building with 12‑foot clear ceiling height.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Realty agency Dental Office Spa & Massage Hair Salon Clothing Store Nail Salon Food Market Grocery 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
    -77.5930941
    Latitude
    43.1463482

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    FAQs

    What type of property is this?
    Individual retail property - Historic Monroe Ave Retail Property
    Where is this individual retail property located?
    The property is located at 520 Monroe Ave Rochester, NY.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Mixed-use property, 8,861 SF, 520-522 Monroe Ave, Rochester, NY.; Strong anchor tenant (bar/restaurant) with 50-year history.; Three apartments and warehouse provide diverse income streams.
    Request Owner's contact information
    520 Monroe Ave Rochester, NY 14607
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    Rochester, NY 14607
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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
    520 Monroe Ave Rochester, NY 14607
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