Active

301 Central Avenue

Rochester NY, 14605

$1,725,000


$126.93 per sqft

Active

13,590 sqft

Commercial

Built in 1885

Welcoming the Masterfully Redeveloped Central Ave Lofts Building to the market. This completely renovated 14 Unit Mixed-Use Property Offers (12) Turnkey Apartments, and (2) Retail Storefronts. The building showcases all new HVAC, Plumbing, Energy Efficient Windows, Water Service (domestic & fully sprinklered), Electric Service, & Common Areas. The apartments sport generous 10 foot ceilings, exposed brick accent walls, brand new flooring, tiled kitchen and restrooms, stainless steel appliances, secured keyless entry, In-unit washer/dryer, granite countertops, and more. The developer spared no costs in bringing this building back online for the Rochester housing market. Located directly off the city's inter-loop and close to all downtown amenities, business, and employers. Full occupancy, stabilized with recent long term market rate leases. Enjoy a 1.30% Debt Service Coverage Ratio on financing at a 7.25% cap upon entry. Inquire today for more.

R1479588

MLS ID

June 21, 2023

Listed

February 16, 2024

Updated

Map

301 Central Avenue
Rochester NY, 14605

Interior Features

Total Stories

4


Floor Description

Carpet


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Gas, Forced Air

Exterior/Building Features

Lot Size

0.1 Acres


Roof

Other, See Remarks


Sewer

Public Sewer

School Information

School District

Rochester

Other Property Details

Area Name

Rochester City-261400


Taxes

$6,911


Tax Frequency

Annually


Garage

No


Parking

Off Site, On Site


Parking Total

4


View

No


County

Monroe


Municipality

Not Applicable


Water Source

Public


Pool

No


Zoning

CCD-B


Buyer Agency Compensation

3%

 

Courtesy of NORCHAR, LLC, Evan Schaefer

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