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    FOR LEASE
    Investment properties

    103 Court St, Rochester, NY 14604

    190,629 SF 1.63 ac lot Built 2019
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US63-4324498
    Property summary
    AI-generated overview

    This exceptional retail space, located at 103 Court Street in Rochester, NY, offers 4,165 square feet of prime commercial real estate within a vibrant downtown setting. Part of a larger, five-story, 199,390 square foot shopping center built in 2019, this property boasts a highly desirable location at the corner of Court Street and South Avenue, benefiting from exceptional visibility and pedestrian traffic. The space is situated in a bustling area, immediately adjacent to the popular Dinosaur Bar-b-que restaurant and within close proximity to the Court Street Parking Garage, Bluecross Arena, and the Rundel Library. Numerous other entertainment venues, office buildings, and residential properties further enhance the area's appeal. This location is part of a 130-unit upscale apartment development, providing a built-in customer base. The property sits on 1.69 acres of land in Monroe County, offering ample space and potential for expansion or outdoor amenities. The building itself is a single structure with five stories. This is a rare opportunity to secure a prominent retail space in a thriving downtown Rochester location. The available space is part of a larger, successful shopping center, ensuring a strong and established commercial environment. This property presents a unique chance to establish or expand a business in a high-demand area.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 2019
    Total area 190,629 SF
    Lot 1.63 ac (71,003 SF)
    APN 261400 121.31-1-33.001
    UPID US63-4324498
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Event Venue Hotel & Motel Resort
    • Promenade At Erie Harbor City Park
    • Rochester River Walk Corporate Office
    • Snow Top Media Film Production Television Studio
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $24.03M
    Owner & transaction history
    Court Street Rochester LLC · 8 yrs held
    Court Street Rochester LLC
    since 2017
    3 recorded transactions
    2017
    2016
    $900,000
    2004
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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