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545 West Ave 16,800 SF 100% Leased Industrial Building Rochester, NY 14611 $933,788 CAD ($55.58 CAD/SF) 9% Cap Rate
EXECUTIVE SUMMARY
545 West Avenue presents a great opportunity to acquire a well maintained warehouse asset in the heart of Rochester’s industrial corridor. Spanning 16,792 square feet on a 0.54-acre parcel, this freestanding building originally constructed in 1926 retains its robust industrial character while benefiting from functionality focused upgrades by the current owner. Recent improvements include a reconfigured floor plan to maximize usable square footage, the installation of an additional grade-level door, a new heating unit, and upgraded LED lighting throughout the interior and exterior.
The building is equipped with a 3-phase 600amp electrical service, wet sprinklers throughout the leasable areas, forced air heat, and flexible loading capabilities including (1) dock door and (6) grade-level doors of varying heights. Additional features include a 15-foot clear height, skylights throughout the floor plate, and a gated parking lot for added security and operational ease.
Currently 95% leased, the property provides strong in-place income with upside potential through lease up of the remaining vacancy or future repositioning. The efficient footprint and enhanced layout make it well suited for light manufacturing, warehousing, distribution, or contractor operations. Located just minutes from I-490 and downtown Rochester, the site offers excellent access to major transportation routes and a deep labor pool.
The building is equipped with a 3-phase 600amp electrical service, wet sprinklers throughout the leasable areas, forced air heat, and flexible loading capabilities including (1) dock door and (6) grade-level doors of varying heights. Additional features include a 15-foot clear height, skylights throughout the floor plate, and a gated parking lot for added security and operational ease.
Currently 95% leased, the property provides strong in-place income with upside potential through lease up of the remaining vacancy or future repositioning. The efficient footprint and enhanced layout make it well suited for light manufacturing, warehousing, distribution, or contractor operations. Located just minutes from I-490 and downtown Rochester, the site offers excellent access to major transportation routes and a deep labor pool.
PROPERTY FACTS
| Price | $933,788 CAD | Rentable Building Area | 16,800 SF |
| Price Per SF | $55.58 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1926 |
| Cap Rate | 9% | Parking Ratio | 0.89/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 15’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | C | No. Drive In / Grade-Level Doors | 6 |
| Lot Size | 0.54 AC | ||
| Zoning | M-1 - Industrial | ||
| Price | $933,788 CAD |
| Price Per SF | $55.58 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 9% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.54 AC |
| Rentable Building Area | 16,800 SF |
| No. Stories | 1 |
| Year Built | 1926 |
| Parking Ratio | 0.89/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | M-1 - Industrial |
AMENITIES
- Fenced Lot
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | 261400-120-470-0002-005-000-0000 | Improvements Assessment | $292,526 CAD |
| Land Assessment | $61,230 CAD | Total Assessment | $353,756 CAD |
PROPERTY TAXES
Parcel Number
261400-120-470-0002-005-000-0000
Land Assessment
$61,230 CAD
Improvements Assessment
$292,526 CAD
Total Assessment
$353,756 CAD
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545 West Ave
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