Property profile

111 East Ave Rochester, NY 14604

OFF-MARKET
Retail properties & Spaces
227,440 SF 1.3 ac lot Built 1921
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Property summary

AI-generated overview

This exceptional retail property at 111 East Ave offers a unique investment opportunity. The nine-story, Class B building, totaling 227,440 square feet, boasts 247 suites and sits on 1.3 acres of land. Originally constructed in 1921 and extensively renovated in 2014, the building currently has 7,511 square feet of vacant space available for lease. Three immediately available spaces range from 1,171 to 3,740 square feet, perfect for a variety of retail uses. One former Dunkin' Donuts space (2,600 sq ft) is available at a minimum of $17.00 per square foot on a modified gross lease, requiring a minimum three-year lease term and including tenant improvements. A former restaurant space (3,740 sq ft) is also available at a minimum of $10.00 per square foot on a modified gross lease, with a minimum three-year term and limited tenant improvements (paint and carpet cleaning). Finally, a former tattoo parlor (1,171 sq ft) is available at a minimum of $17.00 per square foot on a modified gross lease, with a minimum three-year term and limited tenant improvements (paint and carpet cleaning). All leases are modified gross and include utilities. The minimum leasable space is 1,200 square feet. This property presents a compelling opportunity for businesses seeking high-visibility retail space in a well-established location. Contact us today to learn more about these exciting leasing opportunities.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1921
Total area 227,440 SF
Lot 1.3 ac (56,628 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Apartment Building Apartment Complex
  • Home Decor Store
  • Tutoring Service
  • Engineer

Location

111 East Ave Rochester, NY 14604
Rochester metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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