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    384 East Ave Rochester, NY 14607

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    For Sale
    Contact for pricing

    Prime Rochester eatery, NNN lease.

    Property size:
    10,099 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A retail investment opportunity presents a fully occupied, 10,099 square-foot restaurant and catering operation located at 384 East Avenue in Rochester, New York's vibrant East End entertainment district. Built in 1957 and extensively renovated in 2023, this single-story building sits on a 0.68-acre lot and enjoys 100% occupancy under a triple-net (NNN) lease, ensuring long-term stability for the investor. The property features a spacious interior including a ballroom, central bar, and an additional bar perfect for private events, accommodating gatherings from 25 to over 125 guests. Two private outdoor patios with fireplaces enhance the property's appeal. The current tenant, JoLi, is a thriving private event and catering company with an on-site take-out kitchen. Benefiting from its adjacency to the new 126-room Courtyard by Marriott hotel, this location offers high visibility and significant foot traffic. Its proximity to the Central Business District and over 4.5 million square feet of office space guarantees a consistent stream of potential customers. This stabilized investment presents a rare opportunity to acquire a thriving business in a prime location. The property's strong tenant, desirable location, and secure lease structure make it an attractive addition to any portfolio.

    Property Features for 384 East Ave

    General Information

    Property type
    Restaurants
    Square Feet
    10,099 SF
    Class
    A
    Lot Size
    29,621 SF

    Building Details

    Year Built/Renovated
    1957/2023
    Buildings
    1
    Stories
    1

    HighLights

    • Class A, 10,099 SF retail building in Rochester, NY's East End entertainment district.
    • 100% occupied by JoLi, a thriving catering and event company with a take‑out kitchen.
    • Features a ballroom, central bar, and additional private event bar, accommodating 25‑125 guests, plus two outdoor patios with fireplaces.
    • NNN lease provides long‑term stability.
    • Located adjacent to a 126‑room Courtyard by Marriott, offering high visibility and foot traffic, near the CBD and 4.5M SF of office space.
    • Built in 1957, renovated in 2023, situated on a 0.68‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kelly Chimenti, PT Physical Therapist Mecca-Copp Flo Occupational Therapist Brian M. Ciaccia, ... Physical Therapist Press-Ellingha Lara K Physical Therapist Cindy Makasziw, PT Physical Therapist

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.594371429754
    Latitude
    43.15519480143

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    FAQs

    What type of property is this?
    Restaurant - Prime Rochester eatery, NNN lease.
    Where is this restaurant located?
    The property is located at 384 East Ave Rochester, NY.
    What are key features of this property?
    This property features: Class A, 10,099 SF retail building in Rochester, NY's East End entertainment district.; 100% occupied by JoLi, a thriving catering and event company with a take-out kitchen.; Features a ballroom, central bar, and additional private event bar, accommodating 25-125 guests, plus two outdoor patios with fireplaces.
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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
    384 East Ave Rochester, NY 14607
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