392 Lyell Ave Rochester, NY 14606
- Turn key restaurants
- 3,445 SF
- 0.08 lot acres
Current Use by Public Records
- Cardtronics ATM / Atm
Property Details for 392 Lyell Ave
- Year built
- 1920
- Lot size
- 0.08 lot acres
- Property size
- 3,445 SF
- Property type
- Turn key restaurants
- APN
- 261400 105.66-2-31
- APU
- 26140010566231
Description
This exceptional 6,175 square foot commercial property, located at 392 Lyell Avenue in Rochester, New York, presents a unique investment opportunity. Currently operating as a licensed gentlemen's club, the building's zoning allows for a wide range of alternative uses, making it highly adaptable to a variety of businesses. Imagine the possibilities: a thriving retail establishment, a popular restaurant, a convenient grocery store, or even a specialty smoke shop. The property's prime location ensures high visibility and accessibility, attracting a substantial customer base. Ample on-site parking is available, supplemented by nearby city-owned lots, ensuring convenient parking for both customers and employees. The building also features a spacious upstairs area, perfect for use as an apartment or office space, offering additional income potential or flexibility for business expansion. Three bathrooms are conveniently located throughout the building. The 0.08-acre lot provides a manageable footprint for operations, while the building's versatile layout and prime location offer significant upside potential for a savvy investor. Don't miss this chance to acquire a well-situated commercial property with diverse possibilities in a vibrant Rochester neighborhood. The asking price is $180,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $115,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $170,000
- 6.5%
- $165,000
- 7%
- $155,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $170,000
- Geo Method
- $150,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $145,000
- Retail
- $170,000
- Mixed-Use
- $175,000
- Hospitality
- $155,000
- Educational
- $165,000
- Residential Income
- $195,000
- Energy
- $145,000
- Income-Based Land
- $150,000
- Food Service
- $145,000
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.6359
- Latitude
- 43.1649
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA