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    OFF-MARKET
    Commercial land

    116 Arnett Blvd 122, Rochester, NY 14619-1122

    10,775 SF 0.13 ac lot Built 1915
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US63-2753968
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Nb4 Properties LLC · 12 yrs held
    Nb4 Properties LLC
    since 2014
    5 recorded transactions
    2014
    $135,000
    2008
    $75,000
    2005
    $39,500
    2004
    2004
    $50,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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