Property profile

2316 Lyell Ave 2322 Rochester, NY 14606

OFF-MARKET
Strip malls
Property ID
US63-3313451
8,448 SF 0.35 ac lot Built 1965
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Rochester, NY retail property, located at 2316-2322 Lyell Avenue, offers 8,448 square feet of commercial space in a prime location. The building, classified as Class B, features a total of four suites across two stories. Currently, 5,216 square feet are available, with spaces ranging from a minimum of 649 square feet to a maximum contiguous space of 1,856 square feet. The property boasts excellent visibility and accessibility, situated on Lyell Avenue, a high-traffic retail corridor with 25,069 vehicles passing daily. Its strategic location places it directly across from a Wegmans grocery store and conveniently near the Rochester airport, Route 390, and Route 490. Public transportation is readily available via a nearby bus line. The property's proximity to major employers such as Delphi, Automotive Systems (GM), Lil Destri, and an Amazon warehouse further enhances its appeal. Ideal for retail or service-based businesses, this property presents a unique opportunity to establish a thriving enterprise in a bustling commercial area of Monroe County. The building is comprised of three retail units on the ground floor and three office units. This well-positioned property is within a one-mile radius of several major employers.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Total area 8,448 SF
Lot 0.35 ac (15,246 SF)
Zoning code 05 - COMMERCIAL
APN 262600 104.15-1-66
UPID US63-3313451

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
  • Home Health Care Service
  • Alternative Medicine Practice
  • HVAC Service General Contractor
  • Tutoring Service
  • Insurance Agency

Location

2316 Lyell Ave, Unit 2322 Rochester, NY 14606-5746
Rochester metro Census 14301 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2022
Last sale
$400,000
7 recorded transactions
2022
$607,500
2021
Price N/A
2021
Price N/A
2018
$400,000
1969
Price N/A
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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