Rochester, NY 14608 511 State Street

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Presented By: Michael Conroy with eXp Realty, LLC;
  • MLS# R1579705
  • 12/02/2024
  • Request Tour
  • Request Info
  • Beds • 7
  • SQFT • 22,532

Home Details

Presenting a fully renovated mixed-use property located at 511-527 State Street in Rochester, NY 14608. This prime investment consists of two buildings situated on a .64-acre lot, offering cross access between State Street and Frankfort Street and providing the convenience of off-street parking. The front building on State Street includes office suites, a warehouse, and 8 fully remodeled residential apartments, while the rear building on Frankfort Street features additional remodeled office suites and a small warehouse. Together, the buildings offer a total of 24 units, with 14 commercial tenants and 8 residential tenants in place, along with 2 vacant commercial units ready for leasing opportunities. Originally built in 1910, the property underwent a complete renovation in 2015, including an elevator, modern sprinkler systems throughout, and electronic entry for enhanced security. The apartments and office spaces have been updated, giving the property a fresh, contemporary appeal. Located on a bus line and within walking distance to popular destinations like Frontier Field, Monroe Community College, High Falls, Genesee Brewery, and various restaurants and shopping, the property also benefits from its proximity to downtown RochesAter, making it an ideal location for both commercial and residential tenants. Zoned CCD-R (Center City Riverfront), this property offers a range of potential uses for investors looking to capitalize on Rochester’s thriving Center City.
Presented By: Michael Conroy with eXp Realty, LLC;

Interior Features for 511 State Street

Bedrooms

Total Bedrooms7

Bathrooms

Main Level Bathrooms0
Total Baths

Other Interior Features

Air Conditioning Y/NYes
BasementNone
Basement (Y/N)No
Fireplace Y/NNo
FlooringCeramicTile, LuxuryVinyl, Varies
Heating Y/NYes
Laundry FeaturesWasherHookup
Total Fireplaces
Total Stories4

General for 511 State Street

AccessibilityAccessibleElevatorInstalled
AppliancesCommonWaterHeater, ElectricOven, ElectricRange, Disposal, GasWaterHeater, Microwave, Refrigerator
CityRochester
Construction MaterialsBrick
CoolingCentralAir
CountyMonroe
DirectionsHead South on State Street. The property is located on the West Side of State Street, just before Jay Street.
Elementary School DistrictRochester
Garage Spaces0.0
Garage Y/NNo
Gross Income275509.0
HeatingGas, ForcedAir
High School DistrictRochester
Lot Size Square Feet29185.0
Lot Size UnitsAcres
MLS AreaRochester City-261400
Middle/Junior School DistrictRochester
Net Operating Income150782.0
Number Of Units Total7
Operating Expense103969.0
OwnerPaysAllUtilities
PossessionCloseOfEscrow
Property ConditionResale
Property Sub Type AdditionalCommercial
Property SubtypeCommercial
Property TypeMultiFamily
Rent IncludesAllUtilities
RoofFlat, Membrane, Rubber
School DistrictRochester
Security FeaturesSecurityService
Senior Community Y/NNo
SewerConnected
Standard StatusActive
StatusActive
Stories4
Subdivision NameBenjamin Wright
Tax Annual Amount20758.0
Tax Assessed Value857000
Tax Lot40
TaxOtherAnnualAssessmentAmount0.0
TownshipNot Applicable
UtilitiesCableAvailable, SewerConnected, WaterConnected
Virtual TourClick here
Virtual TourClick here
Year Built1910
Year Built DetailsExisting

Exterior for 511 State Street

Building Area Total22532.0
Exterior AmenitiesBlacktopDriveway
Lot Dimensions116X271
Lot FeaturesIrregularLot, NearPublicTransit, ResidentialLot
Lot Size Acres0.67
Lot Size Area0.67
Parking FeaturesOneSpace, Driveway, NoGarage, SharedDriveway
Road Frontage TypeCityStreet
Water SourceConnected, Public
Waterfront Y/NNo

Additional Details

Price History

Mark Siwiec

CEO
Price $1,675,000
MLS#R1579705
List Date 12/02/2024
Property Type Single Family
Phone
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