911 Brooks Ave, Rochester, NY 14624
This exceptional 10.8-acre property, located at 911 Brooks Ave in Rochester, NY, presents a unique redevelopment opportunity. The site encompasses two existing structures totaling 98,937 square feet, currently deemed condemned by the Town of Gates since 2022. A $2 million grant through the "Restore NY Communities Initiative" has been awarded for Phase I, covering remediation and demolition, and is transferable to the new buyer. This prime location directly adjoins the Frederick Douglass International Airport (ROC), offering over 1,000 feet of visibility along I-390 (104,768 vehicles per day). The property's strategic position offers significant advantages, with close proximity to six colleges (University of Rochester, Monroe Community College, Rochester Institute of Technology, Nazareth College, St. John Fisher College, and Roberts Wesleyan College), boasting a combined student population exceeding 60,000. Furthermore, its proximity to major medical facilities, including Strong Memorial Hospital, Monroe Community Hospital, Highland Hospital, Clinton Crossing Medical Center, and the UR Medicine Orthopedics and Physical Performance Center, enhances its appeal for diverse development projects. The asking price for this substantial property is $3,000,000, translating to $30.32 per square foot. This represents a compelling investment opportunity for developers seeking to capitalize on the property's prime location and the substantial grant funding already secured. The property's size and location make it ideal for a variety of commercial ventures.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.