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    1201 Elmwood Ave Rochester, NY 14620

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    For Lease
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    Rochester, NY: 1-Acre Development Pad

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1-acre development site presents a unique opportunity for creative office space in Rochester, NY. Located on Elmwood Avenue, this single-tenant pad is part of a larger redevelopment project encompassing the former Rochester Psychiatric Center. The site is strategically positioned to benefit from the planned construction of a new hotel, sharing a signalized access point for enhanced visibility and convenience. Its prime location offers excellent proximity to major institutions, including Strong Memorial Hospital and the University of Rochester, boasting a combined student population of roughly 12,000. The property enjoys high visibility and ample parking, making it an attractive proposition for businesses seeking a prominent presence in a thriving area. Furthermore, its convenient location is less than two miles from Interstates 390 and 590, providing easy access to regional transportation networks. The property is zoned for retail, office, and special purpose uses, offering flexibility for a variety of development plans. This is an ideal location for businesses seeking a high-profile address in a rapidly developing area of Rochester, with strong potential for growth and success. The site is available for sale or lease, providing options to suit various investment strategies. This represents a rare opportunity to acquire a prime development site in a dynamic and expanding section of the city. The property is situated in Monroe County, New York, with a Rochester, NY 14620 zip code.

    Property Features for 1201 Elmwood Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF

    Unit(s) available at that property

    Space
    Size
    43,560 SF

    HighLights

    • 1 +/- acre pad site at signalized intersection with proposed hotel and multi‑family development.
    • Redevelopment opportunity near proposed hotel and multi‑family housing at former Rochester Psychiatric Center.
    • Prime Elmwood Avenue location, under one mile from Strong Memorial Hospital and the University of Rochester (12,000+ students).
    • High visibility, excellent signage, and ample parking.
    • Less than two miles from Interstates 390 and 590.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.608814732824
    Latitude
    43.124967254043

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    FAQs

    What type of property is this?
    Office space - Rochester, NY: 1-Acre Development Pad
    Where is this office space located?
    The property is located at 1201 Elmwood Ave Rochester, NY.
    What are key features of this property?
    This property features: 1 +/- acre pad site at signalized intersection with proposed hotel and multi-family development.; Redevelopment opportunity near proposed hotel and multi-family housing at former Rochester Psychiatric Center.; Prime Elmwood Avenue location, under one mile from Strong Memorial Hospital and the University of Rochester (12,000+ students).
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    Rochester, NY 14620
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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
    1201 Elmwood Ave Rochester, NY 14620
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