Turnkey Office/Warehouse | Upstate NY 568 St. Paul St

568 St. Paul Street is the ideal investment just north of Downtown Rochester. The 9,650-square-foot office building is vacant, allowing investors and owners/users a turnkey experience. The stately three-story asset has a brick interior with 4-inch-thick wooden floors, ceilings featuring acoustical tile, and natural wood finishes. There is office space on all three stories, with a cubicle-style setup on the first two floors and a totally vacant open plan on the top floor. The office floors feature glass-walled conference rooms with accent lighting and new HVAC units. There is an additional warehouse space ringing in at approximately 1,000 square feet. The warehouse features 12-foot ceilings, 400-amp power, one R-11 insulated dock height door, LED lighting, a Reznor heating unit, and a self-sealing rubber roof membrane. The previous occupant, MOOG, is a publicly traded company that manufactures motors, aerospace, and defense industry products. Because of the broad on-site zoning, many businesses can occupy the space. Zoned for commercial use, the space can be used for office, or potentially converted to meet new business needs.

Rochester provides investors and owners/users with the perfect positioning for success. Rochester, New York, has a diverse economy rooted in manufacturing, technology, and education. The city has transitioned to sectors such as healthcare, higher education, and advanced manufacturing. Today, the University of Rochester, Rochester Regional Health, Wegmans, Paychex, and Rochester Institute of Technology. The city also benefits from its proximity to the Canadian border, facilitating trade and logistics opportunities. The city's economic transformation is also evident in the rise of technology and innovation. Rochester has embraced the development of optics, photonics, and imaging technologies, with institutions like the Rochester Institute of Technology (RIT) and the University of Rochester driving research and entrepreneurship. The Greater Rochester area has become a center for high-tech innovation, particularly in semiconductor manufacturing and microelectronics, as well as in renewable energy and robotics. One of the most recent investments comes from The Coca-Cola Co. and Fairlife, which broke ground on a $650 million facility in Monroe County. The 750,000-square-foot facility is expected to be operational by late 2025 and create 250 jobs.

Rochester is the ideal place for business in upstate New York, specifically the Greater Rochester Office Submarket. The Greater Rochester office submarket has roughly 1.4 million square feet of space listed as available, for an availability rate of 12.9%. As of Q1 2025, there are 80,000 square feet of office space under construction in Greater Rochester. In comparison, the submarket has averaged 98,000 square feet of under-construction inventory over the past 10 years. Greater Rochester contains 10.5 million square feet of inventory, compared to 52.6 million square feet of inventory metro-wide. Rents have changed by 1.7% year over year in Greater Rochester, compared to a change of 1.4% metro-wide.

568 St. Paul Street is positioned in the Upper Falls neighborhood just north of Downtown Rochester. There are many conveniences nearby including Genessee Brew House, High Falls Terrace Park, Highland Hospital, Keybank, and many others. Accessibility is also seamless with many major roadways surrounding the asset.

Property tours are available by appointment only. Please contact the listing broker to schedule.