500 Canal View BlvdRochester, NY 14623

Property Details for 500 Canal View Blvd

Year built

1996

Lot size

13.99 AC

Property size (Sq ft)

98,152 SF

Zone code

02 - SINGLE RESIDENCE

Property type

Office properties

Property subtype

Office buildings

APN

262000 149.16-1-5.51

APU

262000149161551

Description

Canal View Office Park, located at 500 Canal View Blvd, Rochester, NY 14623, offers a unique opportunity for businesses seeking flexible office space in Monroe County. This Class B office building, constructed in 1996 and recently updated, boasts a total of 149,930 square feet, with 95,000 square feet currently available for lease. The property features multiple tenancy options, accommodating businesses requiring anywhere from 4,000 to 50,000 square feet of contiguous space, with the potential for up to 100,000 square feet. Recent renovations include a brand-new front entrance, improved interior walkways leading to a scenic Erie Canal path, and new picnic areas with year-round coverings. The property benefits from a prime location in the Brighton-Henrietta corridor, providing ample parking and multiple points of access. The park-like setting includes a walking trail, and abundant natural light floods the perimeter offices through expansive windows. Excellent signage opportunities are available on the building's corner facades. Four fiber optic providers—Crown Castle, CenturyLink, Frontier Communications, and Spectrum—ensure robust connectivity. This is an exceptional opportunity to establish a presence in a well-maintained, conveniently located office park with modern amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $15,849,904

  6.5%

  $14,630,681

  7%

  $13,585,632

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,966,988

  Geo Method

  $7,501,845

• Alternative Use

  Use

  Valuation

  Residential

  $18,142,044

  Hospitality

  $16,618,015

  Educational

  $13,825,993

  Medical

  $14,301,490

  Retail

  $21,507,100

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.0997

Longitude

-77.5873

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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