238-240 South Ave
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238-240 South Ave
5,760 SF Retail Building Rochester, NY 14604 $1,500,000 ($260/SF)
Investment Highlights
- The property underwent a complete renovation in 2019, including updated plumbing, electrical, and HVAC systems, making it a turnkey investment.
- Each unit boasts stainless steel appliances, separate heating and A/C systems, with contemporary styling—making them highly desirable rental propertie
- The upper floors feature four desirable loft apartments, designed with open layouts, high ceilings, and modern finishes.
- Easy access to public transportation and just minutes from Geva Theatre, Strong Museum and many restaurants, this location is ideal for residents and
Executive Summary
This all-brick mixed-use building offers over 4,000 sq. ft. of modern living and commercial space in the heart of Rochester's business district. The property underwent a complete renovation in 2019, including updated plumbing, electrical, and HVAC systems, making it a turnkey investment. The upper floors feature four desirable loft apartments, designed with open layouts, high ceilings, and modern finishes. Each unit boasts stainless steel appliances, separate heating and A/C systems, with contemporary styling—making them highly desirable rental properties. With easy access to public transportation and just minutes from Geva Theatre, Strong Museum and many restaurants, this location is ideal for residents and business owners alike. New C of O issued May 9, 2023. Business can be purchased on its own for $250,000.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,760 SF
Building Class
B
Year Built/Renovated
1900/2019
Price
$1,500,000
Price Per SF
$260
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.32
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
20 Spaces (3.47 Spaces per 1,000 SF Leased)
Frontage
45 FT on South Ave
Amenities
- Bus Line
- Metro/Subway
- Air Conditioning
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (87)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 261400-121-400-0001-018-000-0000 | Improvements Assessment | $88,600 (2023) |
| Land Assessment | $41,400 (2023) | Total Assessment | $130,000 (2023) |
PROPERTY TAXES
Parcel Number
261400-121-400-0001-018-000-0000
Land Assessment
$41,400 (2023)
Improvements Assessment
$88,600 (2023)
Total Assessment
$130,000 (2023)
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238-240 South Ave
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