Property profile

1954 Lyell Ave Rochester, NY 14606

OFF-MARKET
Motels
Property ID
US63-6264309
48,485 SF 2.81 ac lot Built 1990
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Motels
Use group MOTEL
Year built 1990
Total area 48,485 SF
Lot 2.81 ac (122,404 SF)
Zoning code 05 - COMMERCIAL
APN 262600 104.16-1-9.1
UPID US63-6264309

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • University

Location

1954 Lyell Ave Rochester, NY 14606-2319
Rochester metro Census 14301 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$2.36M

Owner & transaction history

since 2019
4 recorded transactions
2019
$2.9M
2007
$1.3M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

05 - COMMERCIAL · Rochester, NY

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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