Property profile

116 Arnett Blvd 122 Rochester, NY 14619

OFF-MARKET
Commercial land
Property ID
US63-2753968
10,775 SF 0.13 ac lot Built 1915
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.14-acre commercial land parcel, located at 116 Arnett Blvd in Rochester, NY (zip code 14619), presents a unique investment opportunity. Priced at $199,000, the property offers a sale-leaseback option, providing flexibility for potential buyers. Situated on the corner of Genesee Street and Arnett Blvd, this lot boasts existing utilities including electricity, gas, and sewer, simplifying development plans. The property's strategic location offers significant development potential, particularly considering the possibility of combining it with adjacent properties. The seller also owns a neighboring 0.14-acre lot at 381-383 Genesee Street, available for purchase at $99,000, creating an opportunity to acquire a larger contiguous parcel. This combined area, along with other city-owned lots in the vicinity, presents a compelling opportunity for developers seeking to create a significant project along Genesee Street between Arnett and Lenox Streets. The property's commercial zoning (and residential subtype) allows for a range of development possibilities. This is a rare chance to acquire a well-located, ready-to-develop commercial lot in a growing area of Rochester. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1915
Total area 10,775 SF
Lot 0.13 ac (5,663 SF)
APN 261400 120.66-1-49
UPID US63-2753968

Cap rate & NOI

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

Location

116 Arnett Blvd, Unit 122 Rochester, NY 14619-1122
Rochester metro Census 6700 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2014
5 recorded transactions
2014
$135,000
2008
$75,000
2005
$39,500
2004
Price N/A
2004
$50,000

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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