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    89 East Ave Rochester, NY 14604

    For Sale
    Contact for pricing

    144,568 SF, Vacant, Mixed-Use Potential

    Property size:
    144,568 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This stunning, 12-story, neo-classical office building, located at 89 East Ave in Rochester, NY, presents a unique investment opportunity. Built in 1926 and extensively renovated between 2016 and 2018, this 144,568 square foot property boasts a prime downtown location on a 1.1-acre lot. The building's recent upgrades include significant improvements to HVAC, mechanical systems, lighting, and cosmetic features, all while preserving its historic character and limestone façade. Currently vacant, this historically designated building offers flexible mixed-use potential, accommodating office, retail, multi-family residential, and even hotel uses. Its location within an Opportunity Zone provides significant tax advantages for potential buyers. The property's size and versatility make it an ideal candidate for a variety of development scenarios, including expansion or redevelopment. The building's substantial square footage and central location offer unparalleled potential for a discerning investor seeking a landmark property in a thriving urban environment. The 1.1-acre lot offers ample space for additional parking or separate development projects, subject to zoning regulations. This is a rare chance to acquire a significant piece of Rochester's history and revitalize a prominent downtown asset.

    Property Features for 89 East Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    144,568 SF
    Lot Size
    47,916 SF

    Building Details

    Year Built/Renovated
    1926/2016
    Buildings
    1
    Stories
    12

    HighLights

    • 144,568 SF vacant traditional office building in downtown Rochester, NY.
    • Located at 89 East Ave, Rochester, NY 14604.
    • 12‑story building constructed in 1926, extensively renovated 2016‑2018.
    • Situated on a 1.1‑acre lot.
    • Offers mixed‑use potential including multi‑family residential, retail, hotel, and commercial space.
    • Located in an Opportunity Zone.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Monster Hots Hot Dog Stand East.Ave Health Limited Corporate Office

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Law Firm Building Supply Daycare 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
    -77.601878373248
    Latitude
    43.156960950961

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    FAQs

    What type of property is this?
    Office Property / Space - 144,568 SF, Vacant, Mixed-Use Potential
    Where is this office property / space located?
    The property is located at 89 East Ave Rochester, NY.
    What are key features of this property?
    This property features: 144,568 SF vacant traditional office building in downtown Rochester, NY.; Located at 89 East Ave, Rochester, NY 14604.; 12-story building constructed in 1926, extensively renovated 2016-2018.
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    Rochester, NY 14604
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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
    89 East Ave Rochester, NY 14604
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