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    22 Franklin Ct Rochester, NY 14604

    Sponsored
    For Sale
    $225,000

    High-yield land, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.38-acre commercial land parcel, located at 22 and 30 Franklin Court in Rochester, NY (14604), presents a unique investment opportunity. Currently operating as a profitable parking lot generating approximately $38,000 in annual income, the property offers immediate cash flow. The site comprises two parcels, each offering potential for significant development. The combined area of 0.38 acres provides ample space for various projects. Adjacent parcels totaling an additional 0.14 acres are also available for purchase, expanding the potential development area to approximately 0.52 acres. This prime location in the heart of downtown Rochester offers unparalleled access to amenities and high visibility. The property's current use as a parking lot with approximately 55-60 spaces demonstrates strong market demand. The site's triangular shape presents a unique architectural challenge and opportunity for creative development. This is a turnkey opportunity for developers seeking a high-yield, income-producing asset in a thriving urban environment. The asking price for this exceptional property is $225,000.

    Property Features for 22 Franklin Ct

    General Information

    Property type
    Land
    Lot Size
    16,553 SF

    HighLights

    • Income‑producing parking lot generating approximately $38,000 annual net operating income (NOI).
    • Downtown Rochester location with high visibility and access to amenities.
    • Phase I environmental site assessment completed.
    • Up to 0.52 acres available with adjacent parcels.
    • Excellent development opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon 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
    -77.60579234
    Latitude
    43.15882139

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    FAQs

    What type of property is this?
    Land - High-yield land, prime location.
    Where is this land located?
    The property is located at 22 Franklin Ct Rochester, NY.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Income-producing parking lot generating approximately $38,000 annual net operating income (NOI).; Downtown Rochester location with high visibility and access to amenities.; Phase I environmental site assessment completed.
    (585) 505-4166
    Request Owner's contact information
    22 Franklin Ct Rochester, NY 14604
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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
    22 Franklin Ct Rochester, NY 14604
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