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    40 University Ave Rochester, NY 14605

    Sponsored
    For Lease
    $13 SF/Yr

    Rochester, NY Office - 3600 sq ft

    Lot size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,600 square foot office space at 40 University Avenue in Rochester, New York, offers a unique blend of functionality and prime location. Situated in Monroe County, this single-tenant property is ideally located in Rochester's Cultural District, just one block from the Eastman Theater, Eastman School of Music, and the Rochester YMCA. The recently renovated second-floor space boasts an abundance of natural light and features four individual offices, a copy room, a conference/training room, a kitchen, a large trading floor, and two restrooms. The property is conveniently equipped with 15 parking spaces directly at the building's entryway, with additional parking options nearby. This versatile space is suitable for a variety of office uses, including creative, traditional, executive, and coworking setups. The property's location benefits from its proximity to numerous cultural attractions and amenities. Note that construction on the nearby northern end of Rochester's Inner Loop expressway is scheduled to begin in 2028. The space is available immediately. The property type includes Office, Special Purpose, and Retail designations.

    Property Features for 40 University Ave

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,600 SF

    Unit(s) available at that property

    Space
    Size
    3,600 SF
    Rate per SF
    $13

    HighLights

    • 3,600 SF office space in Rochester, NY's Cultural District, one block from Eastman Theater.
    • 15 on‑site parking spaces with additional parking nearby.
    • Immediately available for occupancy.
    • Gross lease rate available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coworking space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm Clothing Store Building Supply 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
    -77.601825391597
    Latitude
    43.161025964288

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    FAQs

    What type of property is this?
    Coworking space - Rochester, NY Office - 3600 sq ft
    Where is this coworking space located?
    The property is located at 40 University Ave Rochester, NY.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 3,600 SF office space in Rochester, NY's Cultural District, one block from Eastman Theater.; 15 on-site parking spaces with additional parking nearby.; Immediately available for occupancy.
    Request Owner's contact information
    40 University Ave Rochester, NY 14605
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    Rochester, NY 14605
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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
    40 University Ave Rochester, NY 14605
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