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First Federal Plaza 26-28 E Main St

465,476 SF 62% Leased 4-Star Office Building Rochester, NY 14614 $10,800,000 ($23/SF)

Investment Highlights

  • Ideally Positioned Riverfront Redevelopment Opportunity
  • Adjoining 604 Space Municipal Garage
  • Riverfront Terrace
  • 156 Space Underground Garage
  • Exterior Glass Elevator
  • Potential For 3rd Floor Rooftop Space

Executive Summary

From its perch overlooking the Genesee River, First Federal Plaza provides a unique blend of modern updates, retro-cool style, and untapped potential. The property is currently 45% occupied, presenting a unique window of opportunity to redevelop several floors of the main tower for multi-family residential or other potential uses. The surrounding area is seeing a massive amount of ongoing investment including the City‘s “ROC The Riverway“ which brought $15 million in upgrades to the attached garage, rooftop park and pedestrian bridge. 2024 also saw the arrival of Constellation Brands 170,000 sf world headquarters directly across Main Street.
A Cultural Touchstone
Since its construction in 1974, First Federal Plaza has occupied a unique spot in the Rochester community. For an older generation that recalls taking the glass elevator to dine at the revolving “Changing Scenes“ restaurant, or a younger demographic that are simply interested in boarding the flying saucer that landed on the roof, First Federal Plaza‘s distinctive architecture makes it instantly recognizable and presents an unrivaled opportunity to redevelop and relaunch a project with built-in community visibility and marketing potential.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
465,476 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1977
Price
$10,800,000
Price Per SF
$23
Percent Leased
62%
Tenancy
Multiple
Building Height
21 Stories
Typical Floor Size
12,701 SF
Slab To Slab
15’
Building FAR
8.28
Lot Size
1.29 AC
Opportunity Zone
Yes
Zoning
CBD - Downtown Office District
Parking
800 Spaces (3 Spaces per 1,000 SF Leased)

Amenities

  • Banking
  • Conferencing Facility
  • Day Care
  • Dry Cleaner
  • Food Court
  • Property Manager on Site
  • Security System

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 100
  • 358 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 1st Fl-Ste 101
  • 518 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 1st Fl-Ste 103
  • 1,557 SF
  • Office
  • Partial Build-Out
  • Now

Partial build-out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 1st Fl-Ste 105
  • 1,469 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 2nd Fl-Ste 200
  • 42,000 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 3rd Fl-Ste 300
  • 11,445 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 4th Fl-Ste 425
  • 2,655 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 5th Fl-Ste 550
  • 5,701 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 6th Fl-Ste 699
  • 3,049 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 8th Fl-Ste 810
  • 1,881 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 9th Fl-Ste 950
  • 1,016 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 12th Fl-Ste 1230
  • 2,390 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 12th Fl-Ste 1299
  • 675 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 15th Fl-Ste 1525
  • 3,659 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 16th Fl-Ste 1600
  • 7,848 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 16th Fl-Ste 1601
  • 3,597 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

  • 17th Fl-Ste 1700
  • 11,445 SF
  • Office
  • Partial Build-Out
  • Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

Space Size Space Use Condition Available
1st Fl-Ste 100 358 SF Office Partial Build-Out Now
1st Fl-Ste 101 518 SF Office Partial Build-Out Now
1st Fl-Ste 103 1,557 SF Office Partial Build-Out Now
1st Fl-Ste 105 1,469 SF Office Partial Build-Out Now
2nd Fl-Ste 200 42,000 SF Office Partial Build-Out Now
3rd Fl-Ste 300 11,445 SF Office Partial Build-Out Now
4th Fl-Ste 425 2,655 SF Office Partial Build-Out Now
5th Fl-Ste 550 5,701 SF Office Partial Build-Out Now
6th Fl-Ste 699 3,049 SF Office Partial Build-Out Now
8th Fl-Ste 810 1,881 SF Office Partial Build-Out Now
9th Fl-Ste 950 1,016 SF Office Partial Build-Out Now
12th Fl-Ste 1230 2,390 SF Office Partial Build-Out Now
12th Fl-Ste 1299 675 SF Office Partial Build-Out Now
15th Fl-Ste 1525 3,659 SF Office Partial Build-Out Now
16th Fl-Ste 1600 7,848 SF Office Partial Build-Out Now
16th Fl-Ste 1601 3,597 SF Office Partial Build-Out Now
17th Fl-Ste 1700 11,445 SF Office Partial Build-Out Now

1st Fl-Ste 100

Size
358 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 101

Size
518 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 103

Size
1,557 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 105

Size
1,469 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 200

Size
42,000 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

3rd Fl-Ste 300

Size
11,445 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

4th Fl-Ste 425

Size
2,655 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

5th Fl-Ste 550

Size
5,701 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

6th Fl-Ste 699

Size
3,049 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

8th Fl-Ste 810

Size
1,881 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

9th Fl-Ste 950

Size
1,016 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

12th Fl-Ste 1230

Size
2,390 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

12th Fl-Ste 1299

Size
675 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

15th Fl-Ste 1525

Size
3,659 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

16th Fl-Ste 1600

Size
7,848 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

16th Fl-Ste 1601

Size
3,597 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

17th Fl-Ste 1700

Size
11,445 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 100

Size 358 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

1st Fl-Ste 101

Size 518 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

1st Fl-Ste 103

Size 1,557 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build-out open office space with air-conditioning, Layout offers a mix of office and open workspace.

1st Fl-Ste 105

Size 1,469 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

2nd Fl-Ste 200

Size 42,000 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

3rd Fl-Ste 300

Size 11,445 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

4th Fl-Ste 425

Size 2,655 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

5th Fl-Ste 550

Size 5,701 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

6th Fl-Ste 699

Size 3,049 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

8th Fl-Ste 810

Size 1,881 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

9th Fl-Ste 950

Size 1,016 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

12th Fl-Ste 1230

Size 2,390 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

12th Fl-Ste 1299

Size 675 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

15th Fl-Ste 1525

Size 3,659 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

16th Fl-Ste 1600

Size 7,848 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

16th Fl-Ste 1601

Size 3,597 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

17th Fl-Ste 1700

Size 11,445 SF
Space Use Office
Condition Partial Build-Out
Available Now

Partial build out open office space with air-conditioning, Layout offers a mix of office and open workspace.

Walk Score ®
Very Walkable (86)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Very Bikeable (72)
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
261400-121-230-0001-003-000-0000
Land Assessment
$2,247,600
Improvements Assessment
$3,252,400
Total Assessment
$5,500,000
  • Listing ID: 34207383

  • Date on Market: 12/15/2024

  • Last Updated:

  • Address: 26-28 E Main St, Rochester, NY 14614

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