1208 Scottsville Rd Rochester, NY 14624
- Office buildings
- 10,212 SF
- 2.14 lot acres
Current Use by Public Records
- Fresenius Kidney Care Fms - Brighton / Dialysis Center
Property Details for 1208 Scottsville Rd
- Year built
- 2017
- Lot size
- 2.14 lot acres
- Property size
- 10,212 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Office buildings
- APN
- 262200 135.03-1-9.11
- APU
- 262200135031911
Description
This exceptional investment opportunity presents a fee simple interest in two high-performing retail properties, totaling 25,032 square feet. Located in Rochester, NY (1208 Scottsville Rd, 14624) and Paterson, NJ (350 Preakness Ave, 07502), the portfolio boasts a strong 5.10% capitalization rate and a substantial net operating income (NOI) of $958,625. The properties are fully occupied by national tenants Walgreens and Fresenius Kidney Care, ensuring stable cash flow. Built in 2011 and 2017, these properties represent a blend of modern construction and established tenancy. The asking price is $18,796,000, translating to a price per square foot of $750.88. The Rochester property is situated in Monroe County, NY, while the Paterson property is located in Passaic County, NJ. This portfolio offers a compelling investment opportunity with strong tenant occupancy, significant NOI, and a desirable cap rate. The properties are held under fee simple ownership, encompassing both land and buildings. The combined APNs are 262200 135.03-1-9.11 & 08 01204-0000-00008.
Value Estimation
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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
- -77.6567
- Latitude
- 43.1177
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
