601-603|613|614|191-209 W Main Street, Rochester, NY 14608

$3,300,000
62,000
SqFt

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List Price
$3,300,000
Status
ACTIVE
Days on Market
50
MLS#
R1689241
Subtype
Commercial Sale
Year Built
1920
Living Area
62,000
Lot Size
12,632
Acres
0.29
Subdivision
Right Of Way
Neighborhood
Right Of Way
MLS Area Major
Rochester City

Property Description

Exceptional opportunity to acquire the Bull's Head Portfolio in its entirety a five-building, mixed use commercial and multifamily collection (plus a billboard lease) offered as a single sale, not available individually, in Rochester's revitalizing Bull's Head (B.E.S.T.) neighborhood. Spanning West Main Street and Jefferson Avenue, the portfolio includes 50 residential apartments (studio, one, and two-bedroom) along with ground-floor commercial/retail storefronts and a leasing office. Offered at $3,300,000, representing an approximate 10% cap rate on stabilized net operating income. The portfolio pairs durable in-place income from long-tenured residential and storefront tenants with substantial value-add upside through lease-up of currently vacant units, most notably at The Gardens. Situated within a federally designated Opportunity Zone with potential capital-gains tax advantages, and positioned directly within the City's $350 million Bull's Head revitalization including the $17.9M West Main Gateway street improvements now underway. Held under single ownership for a clean, scalable acquisition. Full financials, rent roll, and offering memorandum available to qualified prospects upon request.

Additional Information

Zoning
c-2
Heating
Other, See Remarks
Air Conditioning
Other, See Remarks
Stories
3
Roof
Other, See Remarks
School District
Rochester

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Listing courtesy of Benchmark Realty Advisors, LLC. Contact: