2316-2322 Lyell Ave Rochester, NY 14606
For Sale
2316-2322 Lyell Avenue is a six-unit mixed-use investment property offering three ground-floor retail suites and three second-floor professional office units on one of Rochester's most active commercial corridors. The property presents a compelling combination of established retail income and a brand-new office component — delivering the best of both a seasoned asset and new construction in a single acquisition. The ground-floor retail suites are existing units with a proven tenancy history and strong visibility from Lyell Avenue's 28,000+ daily vehicles. The entire second floor is new construction, completed July 2024, featuring three modern office suites built to current codes and standards. Supporting the entire building, a new roof (2023) and all-new mechanical systems — including HVAC, electrical, and plumbing — have been installed, eliminating near-term capital expenditure risk for a new owner.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.