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186-188 N Water St

14,300 SF 2% Leased Office Building Rochester, NY 14604 $795,000 ($56/SF)

Investment Highlights

  • Professional office environment
  • Close to Roc the Riverway developments
  • 50% leased for a 3 year term
  • Combination of private offices, open areas and conference rooms
  • Convenient downtown Rochester location

Executive Summary

A unique opportunity for an owner user or investor. The first floor has been leased for a three year term. The property is fully built out as professional office space on both the 1st floor and basement level with a number of private offices, open areas and conference rooms. There is a freight elevator within the building that could be re-activated or converted for passenger use.
The building is conveniently located next to the inner loop with easy access to the local highway system. There are several restaurants and other amenities within close walking distance, including Roc the Riverway development currently underway.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
14,300 SF
Building Class
B
Year Built
1930
Price
$795,000
Price Per SF
$56
Percent Leased
2%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,150 SF
Building FAR
1.93
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
CCD-R - Center City Riverfront

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 6,000-7,000 SF
  • Office
  • -
  • Now

7,000 square feet of professional office space available for lease in the lower level. Formerly occupied by an engineering firm, there are a number of private offices, open areas with built in workstations and conference rooms. The basement can be divided into two suites ranging from approximately 3 - 4000 SF each depending on desired configuration. The building is conveniently located next to the inner loop with easy access to the local highway system. There are several restaurants and other amenities within close walking distance, including Roc the Riverway development currently underway.

Space Size Space Use Condition Available
1st Floor 6,000-7,000 SF Office - Now

1st Floor

Size
6,000-7,000 SF
Space Use
Office
Condition
-
Available
Now

1st Floor

Size 6,000-7,000 SF
Space Use Office
Condition -
Available Now

7,000 square feet of professional office space available for lease in the lower level. Formerly occupied by an engineering firm, there are a number of private offices, open areas with built in workstations and conference rooms. The basement can be divided into two suites ranging from approximately 3 - 4000 SF each depending on desired configuration. The building is conveniently located next to the inner loop with easy access to the local highway system. There are several restaurants and other amenities within close walking distance, including Roc the Riverway development currently underway.

Walk Score®
Very Walkable (83)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
261400-106-790-0001-004-001-0000
Land Assessment
$32,200
Improvements Assessment
$467,800
Total Assessment
$500,000
  • Listing ID: 27481234

  • Date on Market: 1/10/2023

  • Last Updated:

  • Address: 186-188 N Water St, Rochester, NY 14604

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