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1600 Lyell Avenue, Rochester, 14606
ML Number: R1683985
List Price: $990,000
Description
Value-add commercial investment at 1600-1604 Lyell Avenue in Rochester, a two-story mixed-use building of roughly 18,900 square feet on the busy Lyell Avenue corridor in Monroe County. The fully leased ground floor brings in a current gross rent of $91,080 per year ($7,590 per month) from three established tenants, while the entire second floor sits vacant and ready to lease, so the new owner captures the upside. Ground-floor income is anchored by Occupational Safety On-Site in Suites 1B and 1C, 2,450 square feet, leased through August 2030 with two 3-year options. Perri's Pizza holds 4,300 square feet in Suites 1D-1F through December 2028 with three 3-year options. Sweet Ambience occupies Suite 1A month-to-month. The second floor offers five leasable suites (2A-2B combined, 2C, 2D, 2E, and 2F) on modified gross leases. Once fully leased at asking rates, pro forma gross rent reaches about $170,020 per year ($14,168 per month). Pro forma figures are projections, not guaranteed. Recent capital work includes a roof inspected, patched, and Alum-Koted in July 2024, plus newer rooftop HVAC units (Suite 2C installed 2022). On-site parking serves the building. The sale is the building, not the businesses.
Aerial View of this Location
| Property Type: | Commercial/Industrial |
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| Living Area (SqFt): | 18,900 |
| Lot Size (Acres): | 0.7636 |
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| Year Built: | 1974 |
| Address: | 1600 Lyell Avenue |
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| City: | Rochester |
| County: | Monroe |
| State: | NY |
| Zip Code: | 14606 |
| School District: | Rochester |
| List Price: | $990,000 |
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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 RE/MAX Titanium 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.