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2316-2322 Lyell Ave 7,752 SF 100% Leased Retail Building Rochester, NY 14606 $1,908,830 CAD ($246.24 CAD/SF) 7.14% Cap Rate
Investment Highlights
- Close proximity to airport
- Easy access to route 390/490
- Pylon signage
- Prime retail location
- Close to Wegman's Supermarket
Executive Summary
2316–2322 Lyell Avenue presents an exceptional opportunity on one of Rochester's most active commercial corridors. This well-maintained mixed-use building. Brand-new second-floor addition completed in July 2024.
The property benefits from outstanding street presence on Lyell Avenue, with over 28,000 vehicles passing daily and direct visibility from the Wegman's grocery store located directly across the street. Surrounded by national retailers and major regional employers, this location offers consistent, high-quality foot traffic and strong consumer demand throughout the week. A new roof installed in 2023 and fully updated mechanical systems throughout the building ensure a modern, well-maintained environment for incoming tenants.
The property benefits from outstanding street presence on Lyell Avenue, with over 28,000 vehicles passing daily and direct visibility from the Wegman's grocery store located directly across the street. Surrounded by national retailers and major regional employers, this location offers consistent, high-quality foot traffic and strong consumer demand throughout the week. A new roof installed in 2023 and fully updated mechanical systems throughout the building ensure a modern, well-maintained environment for incoming tenants.
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Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,752 SF
Building Class
C
Year Built/Renovated
1965/2020
Price
$1,908,830 CAD
Price Per SF
$246.24 CAD
Cap Rate
7.14%
NOI
$136,212 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.24
Lot Size
0.73 AC
Zoning
05 - Commercial
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,330,223 CAD | |
| Land Assessment | $201,041 CAD | Total Assessment | $1,531,264 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$201,041 CAD
Improvements Assessment
$1,330,223 CAD
Total Assessment
$1,531,264 CAD
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2316-2322 Lyell Ave
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