171-183 Monroe AVE, Rochester, NY 14607
171-183 Monroe AVE, Rochester, NY 14607
171-183 Monroe AVE, Rochester, NY 14607
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$2,705,000
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26,150 SqFt
Active

171-183 Monroe AVE Rochester, NY 14607

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 26,150 sqft

Price per Sqft $103

MLS Listing ID R1690822

Construction Status Existing

HOA Y/N No

Year Built 1920

Annual Tax Amount $18,324

Lot Dimensions 100X50

Property Sub-Type Mixed Use

Property 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.

Location

State NY

County Monroe

Area Rochester City-261400

Zoning CCD-B

Interior

Heating Other, See Remarks

Cooling Other, See Remarks

Inclusions Other - See Remarks

Fireplace No

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Other,See Remarks

Total Parking Spaces 7

Building

Lot Description Irregular Lot

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Other

Construction Status Existing

Schools

School District Rochester

Others

Tax ID 261400-121-400-0002-013-000-0000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard


Listed by Benchmark Realty Advisors, LLC

NEARBY SCHOOL & BUSINESS

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Tiffany Montgomery

Tiffany Montgomery

Licensed Real Estate Salesperson | License ID: 10401281052

+1(315) 719-8776

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171-183 Monroe AVE