1522-1524 Mt Hope Ave
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1522-1524 Mt Hope Ave
4,624 SF 60% Leased Retail Building Rochester, NY 14620 $500,000 ($108/SF)
Investment Highlights
- High Visibility Retail Storefront Close to Expressways
- Close to Strong Hospital, the University of Rochester & Collegetown
- Recently Renovated Units
Executive Summary
Stop dreaming and start owning! This recently remodeled property offers four beautifully updated apartments and a prime storefront in a high-traffic area just steps from Strong Hospital and College Town. Perfectly situated to attract tenants and businesses alike, this property is a true gem for investors! The apartments include two spacious two-bedroom units, a one-bedroom unit, and a studio, all designed to appeal to tenants seeking proximity to Strong Hospital or the University of Rochester. Current rents are on the low side, leaving room for increased revenue potential. The storefront, intentionally left vacant, provides endless possibilities for a new owner—whether it's for your own business or to lease out to a tenant. With excellent foot traffic and visibility, it’s an ideal location for any business venture. Previously rented to a barber who was paying $1,000 a month, which was very low for the area, but had been a long-term tenant. Tenants and customers will appreciate the ample parking available in the shared lot with Wendy's, adding even more convenience and appeal. Properties like this in the College Town business district are rare—don’t let this opportunity pass you by! Delayed Showings begin December 12th. Delayed Negotiations on December 17th at 12 PM. 24 hours for response to offers. Take the leap and make this income-producing property yours!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,624 SF
Building Class
B
Year Built
1948
Price
$500,000
Price Per SF
$108
Percent Leased
60%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.19
Lot Size
0.09 AC
Zoning
C-2 - Community Center - Community Center District provides diverse commercial development along gateway transportation corridors and neighborhood or village centers.
Parking
6 Spaces (1.3 Spaces per 1,000 SF Leased)
Frontage
32 FT on Mt Hope Ave
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (84)
Nearby Major Retailers
1 of 56
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Presented by
G & M Properties
1522-1524 Mt Hope Ave
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