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550 Main St Rochester, NY 14604

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For Sale
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High-yield NNN investment, 3 tenants, 43 parking spaces.

Property Features for 550 Main St

General Information

Property type
Office Properties & Spaces

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Listing Contact
Adam Rooney
Adam Rooney

Listing Agency: Benchmark Realty Advisors, LLC Listing Agent: Adam Rooney

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional investment opportunity presents a fully leased, three-tenant office building situated at 550 East Main Street in Rochester, New York. The property boasts a strong 8.23% capitalization rate and a substantial net operating income (NOI) of $155,609. The building, a two-story structure with a finished lower level, sits on a 0.45-acre lot and includes ample parking with 43 spaces. All three tenants are under triple net (NNN) leases, minimizing landlord responsibilities and maximizing return. The building is currently 100% occupied, providing immediate cash flow. Each tenant space has undergone recent renovations or build-outs, ensuring modern and attractive office environments. The property's prime location within Rochester's East Avenue Corridor and its proximity to the Inner Loop Redevelopment Project offer significant long-term growth potential. Rent bumps are included in the lease agreements, further enhancing the investment's profitability. This is a rare opportunity to acquire a stable, high-performing commercial property in a desirable location. The asking price is $1,890,000.
Property Profile Location Intelligence

Current Use by Public Records

Envative (Bike/Boat/Book/etc) Store Rochester Step Off ... High School NACA Charitable Organization In Control Child Welfare Organization Action For A Better Community ... Food Bank

Suggested Use

Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center 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
-77.5978508
Latitude
43.1592926

FAQs

What type of property is this?
Office Property / Space - High-yield NNN investment, 3 tenants, 43 parking spaces.
Where is this office property / space located?
The property is located at 550 Main St Rochester, NY.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: $1,890,000 Asking Price; Fully Leased, Multi-Tenant Office Building; 8.23% Cap Rate, $155,609 NOI
(585) 489-9512 Call to check price and availability
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