Vacant Adaptable Office | South of Rochester | 7285 Gale Rd
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Vacant Adaptable Office | South of Rochester 7285 Gale Rd
9,070 SF Vacant Office Building Online Auction Sale Lima, NY 14485
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Investment Highlights
- 7285 Gale Road is a 100% vacant sizable office opportunity built-out as a classroom setting and easily convertible for other uses and needs.
- Many retailers and amenities are nearby, including Dollar General, Dunkin’, Lima Golf & Country Club, and local businesses.
- Daytime employment in this small town is robust, with over 27,356 employees working within a 10-mile radius.
- In a highly accessible location just south of Rochester on Interstate 390 South near Rochester Street, a major connector in Lima.
- Area demographics are strong within a 5-mile radius with an average household income of over $103,800 per year.
Executive Summary
7285 Gale Road presents the ideal office investment in the greater Rochester area. Built in 2009 and meticulously maintained over the years, this 9,070-square-foot office is a staple to the community. Initially built for Genesee Community College, the property provides ample space for new users with an impressive 107 total parking spaces on 5.01 acres. The building contains a combination of classrooms and administrative offices. One of the classrooms is improved with a chemistry lab featuring multiple islands with sinks. The lease for Genesee Community College expired in August 2024, allowing an easy transition to new ownership. Buyers have several different options for this spacious asset. New owners can use the space for their business needs and utilize all the ample square footage. Alternatively, they can lease space at market rates to achieve a high net operating income. Buyers can also do a combination of using space for their needs and leasing out portions to collect income while running their business.
The Livingston County Office Submarket is an excellent place for investors to enter, given its closeness to Rochester and its vacancy rate of 1.7% as of Q4 2024. Over the past year, the submarket's vacancy rate has changed by 0.9%. The Livingston County office submarket has roughly 45,000 square feet of space listed as available for an availability rate of 5.4%. As of Q4 2024, there is no office space under construction in Livingston County. Average rents in Livingston County are roughly $16.30 per square foot, compared to the Rochester average of $17.70 per square foot.
Lima, just 30 minutes south of Rochester, is an excellent place for business. The close-knit community enjoys excellent schools and safe residential neighborhoods. Just off Lake Avenue, 7285 Gale Road is highly accessible. With access to Route 20 and Interstate 390, residents can move around upstate New York with ease. Local conveniences nearby include Milk & Honey Café, Dollar General, and local businesses.
7285 Gale Road is the ideal location for a business in need of adaptable space in upstate New York.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The Livingston County Office Submarket is an excellent place for investors to enter, given its closeness to Rochester and its vacancy rate of 1.7% as of Q4 2024. Over the past year, the submarket's vacancy rate has changed by 0.9%. The Livingston County office submarket has roughly 45,000 square feet of space listed as available for an availability rate of 5.4%. As of Q4 2024, there is no office space under construction in Livingston County. Average rents in Livingston County are roughly $16.30 per square foot, compared to the Rochester average of $17.70 per square foot.
Lima, just 30 minutes south of Rochester, is an excellent place for business. The close-knit community enjoys excellent schools and safe residential neighborhoods. Just off Lake Avenue, 7285 Gale Road is highly accessible. With access to Route 20 and Interstate 390, residents can move around upstate New York with ease. Local conveniences nearby include Milk & Honey Café, Dollar General, and local businesses.
7285 Gale Road is the ideal location for a business in need of adaptable space in upstate New York.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
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Market Sale Price per SF
Rochester - NY USA
Market Cap Rate
Rochester - NY USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Office
Building Size
9,070 SF
Building Class
B
Year Built
2009
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,070 SF
Building FAR
0.04
Lot Size
5.01 AC
Zoning
GB - General Business
Parking
107 Spaces (11.8 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 9,070 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 9,070 SF | Office | - | Now |
1st Floor
| Size |
| 9,070 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
1,208
7,161
13,493
2020 Population
1,168
6,970
13,843
2029 Population
1,207
7,135
13,311
2024-2029 Projected Population Growth
-0.1%
-0.4%
-1.4%
Daytime Employees
348
2,862
5,185
Total Businesses
37
398
602
Average Household Income
$85,718
$93,981
$103,857
Median Household Income
$71,393
$76,083
$81,935
Total Consumer Spending
$15.3M
$98.6M
$192.7M
Median Age
41.8
42.9
45.1
2024 Households
486
3,052
5,611
Percent College Degree or Above
20%
20%
20%
Average Home Value
$188,371
$223,343
$238,937
zoning
| Zoning Code | GB (General Business) |
| GB (General Business) |
PROPERTY TAXES
| Parcel Number | 243289-027-000-0003-012-134-0000 | Improvements Assessment | $815,100 |
| Land Assessment | $73,700 | Total Assessment | $888,800 |
PROPERTY TAXES
Parcel Number
243289-027-000-0003-012-134-0000
Land Assessment
$73,700
Improvements Assessment
$815,100
Total Assessment
$888,800
Sale Advisors
Sale Advisors
Joe Rowley Jr., Licensed Real Estate Broker
(585) 299-2799
Contact
Anchor Real Estate Advisors LLC is a partnership formed by father and son, Joe Rowley, Jr and Joseph Rowley (III), to focus on providing superior commercial real estate brokerage services for our clients. With 45 years of combined expertise, The Rowley Team brings the depth and knowledge to facilitate transactions from concept to closing.
Joseph L Rowley (III), Licensed Real Estate Broker
(585) 299-2799 x2
Contact
In 2013 Joseph became a licensed salesperson after being involved in the commercial real estate business for a number of years holding supporting positions in real estate brokerage and low income housing development. With a Finance degree from the Rochester Institute of Technology, a focus in commercial investment was of particular interest and a natural area of focus. Joseph prioritizes building strong relationships with clients gaining a deep understanding of their motivations and objectives to provide the best solutions possible.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Emily Walper
Contact
Auctioneer License:
Ten-X, Inc. Vibhav Kapila RE Brkr 10991231490
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Vacant Adaptable Office | South of Rochester | 7285 Gale Rd
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