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601-603|613|614|191-209 Main Street, Rochester, 14608
ML Number: R1689241
List Price: $3,300,000
Description
Exceptional opportunity to acquire the Bull's Head Portfolio in its entirety a five-building, mixed use commercial and multifamily collection (plus a billboard lease) offered as a single sale, not available individually, in Rochester's revitalizing Bull's Head (B.E.S.T.) neighborhood. Spanning West Main Street and Jefferson Avenue, the portfolio includes 50 residential apartments (studio, one, and two-bedroom) along with ground-floor commercial/retail storefronts and a leasing office. Offered at $3,300,000, representing an approximate 10% cap rate on stabilized net operating income. The portfolio pairs durable in-place income from long-tenured residential and storefront tenants with substantial value-add upside through lease-up of currently vacant units, most notably at The Gardens. Situated within a federally designated Opportunity Zone with potential capital-gains tax advantages, and positioned directly within the City's $350 million Bull's Head revitalization including the $17.9M West Main Gateway street improvements now underway. Held under single ownership for a clean, scalable acquisition. Full financials, rent roll, and offering memorandum available to qualified prospects upon request.
Aerial View of this Location
| Property Type: | Commercial/Industrial |
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| Living Area (SqFt): | 62,000 |
| Lot Size (Acres): | 0.2900 |
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| Year Built: | 1920 |
| Address: | 601-603|613|614|191-209 Main Street |
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| City: | Rochester |
| County: | Monroe |
| State: | NY |
| Zip Code: | 14608 |
| School District: | Rochester |
| List Price: | $3,300,000 |
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| Assessed Value: | $0 |
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Property Features
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| On Waterfront: | No |
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| # Fireplaces: | 0 |
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Listing courtesy of Benchmark Realty Advisors, LLC.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Keenan Group Inc.. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2006 Genesee Region Real Estate Information Service, powered by Homesteadnet.com. All rights reserved.