Property summary
This stunning, 12-story, neo-classical office building, located at 89 East Ave in Rochester, NY, presents a unique investment opportunity. Built in 1926 and extensively renovated between 2016 and 2018, this 144,568 square foot property boasts a prime downtown location on a 1.1-acre lot. The building's recent upgrades include significant improvements to HVAC, mechanical systems, lighting, and cosmetic features, all while preserving its historic character and limestone façade. Currently vacant, this historically designated building offers flexible mixed-use potential, accommodating office, retail, multi-family residential, and even hotel uses. Its location within an Opportunity Zone provides significant tax advantages for potential buyers. The property's size and versatility make it an ideal candidate for a variety of development scenarios, including expansion or redevelopment. The building's substantial square footage and central location offer unparalleled potential for a discerning investor seeking a landmark property in a thriving urban environment. The 1.1-acre lot offers ample space for additional parking or separate development projects, subject to zoning regulations. This is a rare chance to acquire a significant piece of Rochester's history and revitalize a prominent downtown asset.
Property profile
VerifiedCap rate & NOI
Current use
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Take-out & Catering
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Corporate Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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