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    Specialty properties

    911 Brooks Ave, Rochester, NY 14624

    98,937 SF 10.8 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Specialty properties
    Total area 98,937 SF
    Lot 10.8 ac (470,448 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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