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171-183 Monroe Avenue, Rochester, 14607
ML Number: R1690822
List Price: $2,705,000
Description
Fully-leased, three-building mixed-use commercial portfolio totaling 26,150 SF on Lower Monroe Ave, offered as a portfolio at a 7.5% blended cap. 171-183 Monroe: 6,736 SF ground-level retail. 182-186 Monroe: 8,614 SF retail plus a residential penthouse. 190-194 Monroe (Yellow Square): ~10,800 SF with bar/restaurant, salon studio, and a 5,400 SF artist loft/event space with high ceilings and freight elevator. 100% occupied with a diverse mix of retail, restaurant, service, and residential tenants. The portfolio sits at the southern gateway to Rochester's Inner Loop East and the Neighborhood of Play, one of the city's most active redevelopment corridors. The award-winning Inner Loop East project converted a sunken expressway into a walkable boulevard, opening six acres for development and catalyzing $400M+ in private investment and 500+ new housing units nearby. The buildings are steps from the Strong National Museum of Play (500,000+ annual visitors) and its ongoing expansion, the new 175-room Hampton Inn & Suites, and a growing base of bars, restaurants, and shops. Walkable to Downtown Rochester, Park Avenue, and the Neighborhood of the Arts, with RTS bus service, I-490 access, and ROC airport within 15 minutes.
Aerial View of this Location
| Property Type: | Commercial/Industrial |
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| Living Area (SqFt): | 26,150 |
| Garage Spaces: | |
| Year Built: | 1920 |
| Address: | 171-183 Monroe Avenue |
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| City: | Rochester |
| County: | Monroe |
| State: | NY |
| Zip Code: | 14607 |
| School District: | Rochester |
| List Price: | $2,705,000 |
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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.
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