200 White Spruce Blvd Rochester, NY 14623
- Office buildings
- 17,830 SF
- 1.60 lot acres
Current Use by Public Records
- Nikas Jill DDS / Dentist
- Sandra J. Eller, PhD / Psychologist / Child Psychologist
- Gregory D. Roeder, PHD / Psychologist
- Maurice A. Palucci, D.P.M. / Podiatrist
- Dr. Adam Doyle / Vascular Surgeon
Property Details for 200 White Spruce Blvd
- Year built
- 1975
- Lot size
- 1.60 lot acres
- Property size
- 17,830 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Office buildings
- APN
- 262000 149.09-1-7
- APU
- 2620001490917
Description
Southview Commons, located at 200 White Spruce Blvd, Rochester, NY 14623, presents a compelling investment opportunity. This Class B, multi-tenant office building totaling 27,105 square feet offers a blend of medical and traditional office spaces. Currently boasting 88% occupancy, the property generates a substantial net operating income (NOI) of $420,031 in 2023, translating to an attractive 8.57% capitalization rate. The asking price is $4,900,000, resulting in a price per square foot of $180.78. Situated in a prime suburban location within Monroe County, this property benefits from excellent expressway access and proximity to numerous amenities, including office parks, hotels, residential areas, retail centers, Monroe Community College, and the University of Rochester Medical Center. Recent renovations have enhanced the property's appeal, encompassing the lobby, common areas, roof, exterior, and parking facilities. The building's strong performance and strategic location make it an ideal investment for those seeking a stabilized, high-yield asset in a thriving market. Detailed financial information is available upon execution of a confidentiality agreement.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.6192
- Latitude
- 43.1044
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
