550 Main St Rochester, NY 14604
- Office Properties & Spaces
Current Use by Public Records
- Envative / (Bike/Boat/Book/etc) Store / Corporate Office
- Rochester Step Off Education / High School
- NACA / Charitable Organization / Social Service Agency
- In Control / Child Welfare Organization / Charitable Organization
- Action For A Better Community - Food Distribution Center / Food Bank / Charitable Organization
Property Details for 550 Main St
- Property type
- Office Properties & Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.5979
- Latitude
- 43.1593
