34-36 S Union St
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34-36 S Union St
7,572 SF 100% Leased Retail Building Rochester, NY 14607 $700,000 ($92/SF)
Investment Highlights
- In the Downtown Rochester Redevelopment District (at the inner loop)
- Recently Refinished all of the Apartments, New Digital High Efficiency Boiler with Indirect Hot Water Tank for Unlimited Hot Water.
- Walkable to Downtown Rochester, NOTA, Park Ave, East Ave, Eastman School of Music, the Art Galleries and more!
Executive Summary
Don't miss your chance to own this beautifully renovated mixed-use property in one of Rochester’s most vibrant and rapidly developing areas! This property features six stunning apartments, each meticulously finished with modern touches, making them highly desirable and easy to rent. Located steps from downtown bars, cafes, shopping, nightlife, and within walking distance of East Ave, NOTA, and the Eastman School of Music—this is city living at its finest! The property also boasts two storefronts currently rented to a long-term tenant operating a well-established neighborhood convenience store. One of the storefronts is equipped with a full kitchen, offering exciting possibilities for future tenants or business opportunities. Enjoy peace of mind with a newly paved back courtyard, perfect for low-maintenance upkeep and versatile future amenities. Recent upgrades include a silver-coated roof, a new high-efficiency digital boiler, and an indirect hot water heater providing unlimited hot water throughout the building. This property is truly a gem with so much potential and is located in the heart of Rochester’s booming downtown! Delayed Showings begin December 12th. Delayed Negotiations on December 17th at 12 PM. The rents are low and could definitely use a price improvement! Don’t let this opportunity pass you by!
Apt1 - Currently vacant (by design for the sale) Prev Rent - $1050.00
Apt2 - Tenant - $750.00 - Long Term - Rent is Low
Apt3 - Tenant - $900.00 -
Apt4 - Vacant - (by design for sale) - $975.00 Prev Rent
Apt5 - Tenant - $900.00
Apt6 - Tenant - $1,235.00
Storefront 1&2 - $2500.00
Apt1 - Currently vacant (by design for the sale) Prev Rent - $1050.00
Apt2 - Tenant - $750.00 - Long Term - Rent is Low
Apt3 - Tenant - $900.00 -
Apt4 - Vacant - (by design for sale) - $975.00 Prev Rent
Apt5 - Tenant - $900.00
Apt6 - Tenant - $1,235.00
Storefront 1&2 - $2500.00
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
Property Type
Retail
Property Subtype
Building Size
7,572 SF
Building Class
C
Year Built
1930
Price
$700,000
Price Per SF
$92
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.74
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
3 Spaces (0.4 Spaces per 1,000 SF Leased)
Frontage
80 FT on S Union Street
Amenities
- Balcony
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Very Bikeable (88)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 261400-121-330-0001-085-000-0000 | Improvements Assessment | $432,400 |
| Land Assessment | $17,600 | Total Assessment | $450,000 |
PROPERTY TAXES
Parcel Number
261400-121-330-0001-085-000-0000
Land Assessment
$17,600
Improvements Assessment
$432,400
Total Assessment
$450,000
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34-36 S Union St
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