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    309 University Ave Rochester, NY 14607

    Sponsored
    For Lease
    Contact for pricing

    Prime location, 3,114 sq ft, high visibility.

    Lot size:
    3,114 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional restaurant opportunity is located in the heart of Downtown Rochester, NY, at the highly visible corner of University Avenue and Union Street. The 3,114 square foot, two-story freestanding building, constructed in 1930 and renovated in 1990, offers a single-tenant occupancy. The property boasts a convenient 9-car parking lot, ensuring ample parking for patrons. Its prime location offers excellent visibility and accessibility, situated near the School of the Arts, The Memorial Art Gallery, East & Alexander businesses, and East Main Street's Fastrac. Easy access to the inner loop and I-490 provides convenient transportation links. The building sits on a 0.18-acre lot in Monroe County, within the Greater Rochester Trade Area and Downtown Rochester submarket cluster. The property is currently vacant and available for lease or sale

    Property Features for 309 University Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,114 SF

    Building Details

    Year Built/Renovated
    1930/1990
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    3,114 SF

    HighLights

    • Exceptional restaurant opportunity in Downtown Rochester, NY, at University Ave & Union St.
    • 3,114 SF, two‑story freestanding building with 9‑car parking lot.
    • Prime location near School of the Arts, Memorial Art Gallery, and major thoroughfares.
    • Convenient access to I‑490 and inner loop.
    • 0.18‑acre lot, currently vacant, available for lease or sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Law Firm Nail Salon Clothing Store 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
    -77.5945812
    Latitude
    43.1586565

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    FAQs

    What type of property is this?
    Restaurant - Prime location, 3,114 sq ft, high visibility.
    Where is this restaurant located?
    The property is located at 309 University Ave Rochester, NY.
    What are key features of this property?
    This property features: Exceptional restaurant opportunity in Downtown Rochester, NY, at University Ave & Union St.; 3,114 SF, two-story freestanding building with 9-car parking lot.; Prime location near School of the Arts, Memorial Art Gallery, and major thoroughfares.
    Request Owner's contact information
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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
    309 University Ave Rochester, NY 14607
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