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1172-1176 Dewey Ave
Rochester, NY 14613
Rochester Investment Opportunity · Retail Property For Sale
Investment Highlights
- Excellent investment opportunity: $58,062 NOI (estimated)
- Conveniently located directly across from the Aquinas Institute on Dewey Avenue in the heart of the historic Maplewood Park Neighborhood
- C-1 Neighborhood Center District Zoning
- All units completely renovated; new furnace systems, updated plumbing and electric & new EPDM roof installed in 2015
- The existing salon is a turn-key lease (all salon contents are included in the sale of the property
Executive Summary
4,400 SF Mixed-use commercial building on 0.10 Acres for sale, asking $595,000. Seller financing available. Excellent investment opportunity with a Net Operating Income of $58,062. The fully leased building has 2 1st floor storefronts, 4 apartments and commercial basement space. All units completely renovated; New furnace systems, updated plumbing and electric & new EPDM roof installed in 2015. Conveniently located directly across from the Aquinas Institute on Dewey Avenue in the heart of the historic Maplewood Park Neighborhood less than a mile from NY Route 104. The existing salon is a turn-key lease (all salon contents are included in the sale of the property. C-1 Neighborhood Center District Zoning.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,320 SF
Building Class
C
Year Built
1912
Price
$682,472 CAD
Price Per SF
$157.98 CAD
Cap Rate
11.64%
NOI
$79,410 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.99
Lot Size
0.10 AC
Zoning
C-1 - Neighborhood Center District
Frontage
39’ on Dewey Ave
Property Taxes
| Parcel Number | 261400-090-660-0001-049-000-0000 | Improvements Assessment | $207,887 CAD |
| Land Assessment | $32,824 CAD | Total Assessment | $240,712 CAD |
Property Taxes
Parcel Number
261400-090-660-0001-049-000-0000
Land Assessment
$32,824 CAD
Improvements Assessment
$207,887 CAD
Total Assessment
$240,712 CAD
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