520 Monroe Ave Rochester, NY 14607
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Historic Monroe Ave Retail Property
Property size:
8,861 SFProperty 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
Listing Agency: RE/MAX First Commercial Listing Agent: Terence Shannon
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
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.
