353 Island Cottage Rd Rochester, NY 14612
- Investment properties
- 3,462 SF
- 0.59 lot acres
Current Use by Public Records
- Gretchen C. Smith-Burke, MD / Pediatrician
- Tracy Lynn Maier / Pediatrician
- Ella Rozin / Pediatrician
- Gretchen Smith Smith-Burke / Pediatrician
- Barbara Miller Wedig, MD / Pediatrician
Property Details for 353 Island Cottage Rd
- Year built
- 2000
- Lot size
- 0.59 lot acres
- Property size
- 3,462 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 262800 045.12-2-42.32
- APU
- 2628000451224232
Description
This meticulously maintained, single-story, 5,000-square-foot Class B medical office building is situated on a 0.59-acre lot in Rochester, NY (14612), at 353 Island Cottage Rd. Built in 2000, the property features a convenient location near Route 390 and Arcadia High School, offering ample parking. Currently vacant, this versatile space is ideal for various professional uses, including medical, dental, or childcare facilities. The building boasts separate HVAC systems, a backup natural gas generator, and a full basement with a secondary egress and elevator, offering approximately 3,500 additional square feet of potential usable space. The first floor comprises a reception area, eleven exam rooms, a nurses' station, a doctor's office, a stock room, and bathrooms. The lower level is adaptable for a kitchen, break room, multiple offices, storage, and a server room. The building's truss roof framing allows for flexible interior space configuration. The property is zoned for BP, BR, and BG Business Districts. This is a unique opportunity to acquire a well-maintained, adaptable building in a desirable location. The asking price is $575,000, or $115 per square foot. The building has one unit and is connected internally by a staircase and elevator.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $545,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $565,000
- 6.5%
- $570,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $515,000
- Geo Method
- $590,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $490,000
- Retail
- $555,000
- Mixed-Use
- $480,000
- Hospitality
- $580,000
- Educational
- $545,000
- Residential Income
- $575,000
- Energy
- $540,000
- Income-Based Land
- $635,000
- Food Service
- $470,000
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.6657
- Latitude
- 43.2598
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
