Property summary
This exceptional 86-key hotel in Rochester, NY, presents a compelling investment opportunity. Located at 1954 Lyell Ave, this two-building, five-story property boasts 53,273 square feet on a 2.81-acre lot. Built in 1990 and extensively renovated in 2023, the hotel offers a blend of comfort and modern amenities. Features include a meeting space exceeding 600 square feet, a fitness center, and ample parking for trucks and buses. The property's prime location and recent renovations position it for strong occupancy rates and revenue generation. The existing structure is robust, suggesting significant potential for value appreciation. Furthermore, the property includes an additional 20 keys on the rear lot, presenting a unique opportunity for expansion and increased revenue streams. A well-defined business plan is available to assist investors in maximizing returns. SBA financing eligibility further enhances the investment appeal, reducing the equity requirement and making this a highly attractive opportunity for investors seeking strong returns and efficient capital leverage. The property is zoned for commercial use and offers a compelling combination of immediate income potential and long-term growth prospects. This is a rare chance to acquire a well-maintained, high-performing hotel in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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University
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Rochester, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for 05 - COMMERCIAL in Rochester, NY.
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