Automotive / Print Shop / Parking Lot | 839-841 Clinton Ave S
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Automotive / Print Shop / Parking Lot 839-841 Clinton Ave S
8,478 SF 100% Leased Retail Building Rochester, NY 14620 $575,000 ($68/SF)
Investment Highlights
- Up-and-coming Neighborhood prime for future redevelopment
- Owner financing available for qualified buyer with 30% down
- Income covers your expenses and potential debt service/mortgage
- Includes 3 parcels: 849 S Clinton, 839-841 S Clinton and 668 Meigs St
Executive Summary
Property includes 3 parcels: 849 S Clinton (automotive); 839-841 S Clinton (print shop); 668 Meigs St (parking). Currently leased to an automotive garage and a print shop. Income covers your expenses and potential debt service/mortgage! Owner willing to hold the mortgage for qualified buyer with 20% down. Traditional bank financing may be costly for potential buyer since it has been used as automotive for over 60 years and has underground lifts, banks will require environmental testing. Current property owner choose not to remove lifts as 1/2 the building is leased for automotive and tenant uses them. Building is being sold AS IS. Invest in this up-and-coming neighborhood prime for future redevelopment! Please contact list agent for all showings - Do NOT disturb tenants running their businesses.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$58,800
|
$6.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,800
|
$6.94
|
| Taxes |
$9,985
|
$1.18
|
| Operating Expenses |
$6,160
|
$0.73
|
| Total Expenses |
$16,145
|
$1.90
|
| Net Operating Income |
$42,655
|
$5.03
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $58,800 |
| Annual Per SF | $6.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $58,800 |
| Annual Per SF | $6.94 |
| Taxes | |
|---|---|
| Annual | $9,985 |
| Annual Per SF | $1.18 |
| Operating Expenses | |
|---|---|
| Annual | $6,160 |
| Annual Per SF | $0.73 |
| Total Expenses | |
|---|---|
| Annual | $16,145 |
| Annual Per SF | $1.90 |
| Net Operating Income | |
|---|---|
| Annual | $42,655 |
| Annual Per SF | $5.03 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,478 SF
Building Class
C
Year Built
1960
Price
$575,000
Price Per SF
$68
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.19 AC
Zoning
C-2 - Community Center - Provides diverse commercial development along gateway transportation corridors and neighborhood or village centers.
Frontage
55 FT on South Clinton Avenue
Amenities
- Signage
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (72)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 261400-121-650-0001-016-000-0000 | Total Assessment | $134,400 (2023) |
| Land Assessment | $24,400 (2023) | Annual Taxes | $9,985 ($1.18/SF) |
| Improvements Assessment | $110,000 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
261400-121-650-0001-016-000-0000
Land Assessment
$24,400 (2023)
Improvements Assessment
$110,000 (2023)
Total Assessment
$134,400 (2023)
Annual Taxes
$9,985 ($1.18/SF)
Tax Year
2024
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Automotive / Print Shop / Parking Lot | 839-841 Clinton Ave S
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