Property profile

363 Goodman St Rochester, NY 14607

OFF-MARKET
Turn key restaurants
Property ID
US63-5864573
4,630 SF 0.07 ac lot Built 1904
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional, multi-use property located at 363 S Goodman St, Rochester, NY 14607, presents a unique investment opportunity. The 4,630 square foot building, zoned C-2 Bar Restaurant, is situated on a 0.35-acre lot and boasts a prime location in the Upper Monroe submarket, specifically within the Pear-Meigs-Monroe cluster. The address is conveniently located near Monroe Ave. The property features a two-story building with a recently installed full bar upstairs. All necessary equipment is included, ensuring a seamless transition for a new owner. A significant advantage is the inclusion of adjacent parking lots, addressing a common challenge in high-traffic areas. The building currently operates as a popular bar, restaurant, and nightclub, establishing a proven track record and strong potential for continued success. The property's multiple spaces offer flexibility for various uses, catering to diverse business needs. This turnkey operation provides an immediate opportunity to capitalize on an established business with existing infrastructure and clientele. The property's size and location make it ideal for expansion or adaptation to suit a variety of concepts within the permitted zoning. This is a rare chance to acquire a well-established and profitable business in a desirable Rochester location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1904
Total area 4,630 SF
Lot 0.07 ac (2,964 SF)
APN 261400 121.58-1-7.001
UPID US63-5864573

Cap rate & NOI

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

Location

363 Goodman St Rochester, NY 14607-3104
Rochester metro Census 2900 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2017
2 recorded transactions
2017
$403,000
2007
$395,000

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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