89 East Ave
Rochester, NY 14649
Rochester Gas & Electric · Office Property For Sale
INVESTMENT HIGHLIGHTS
- The property’s location within an Opportunity Zone provides additional potential tax benefits for qualified investments.
- New construction and conversions of existing properties have joined existing residential, retail, hotels and neighborhood institutions.
- The sale would be subject to approval by the NYPSC.
PROPERTY FACTS
Property Type
Office
Building Size
144,568 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1926/2018
Tenancy
Single
Building Height
10 Stories
Typical Floor Size
14,457 SF
Building FAR
3.02
Lot Size
1.10 AC
Zoning
CCD-T - Center City District –Tower
Parking
72 Spaces (0.5 Spaces per 1,000 SF Leased)
AMENITIES
- Car Charging Station
- Central Heating
- Air Conditioning
ABOUT 89 EAST AVE , ROCHESTER, NY 14649
Situated in the heart of Downtown Rochester’s vibrant East End neighborhood, 89 East Avenue is a historic 145,000-square-foot, 12-story office property that was constructed in 1926. The building has been owned, maintained and extensively improved for occupancy by Rochester Gas & Electric (RG&E), a subsidiary of Avangrid, Inc. (NYSE: AGR) which plans to vacate the building in 2020.
PROPERTY TAXES
| Parcel Number | 261400-121-240-0002-038-000-0000 | Improvements Assessment | $2,425,000 |
| Land Assessment | $825,000 | Total Assessment | $3,250,000 |
