Rochester, NY 14611 574 Chili Avenue # 572

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Presented By: Mark C. Updegraff with Updegraff Group LLC;
  • MLS# R1580967
  • 12/24/2024
  • Request Tour
  • Request Info
  • SQFT • 5,781

Home Details

Incredible mixed-use investment opportunity in the heart of Rochester’s high-visibility Chili Ave corridor! This solid brick and concrete building features a spacious commercial storefront with excellent street frontage, ideal for retail, salon, café, convenience store, or office (projected rent: $1,750/month — a conservative estimate for this prime location). Above the storefront are two oversized residential units: a 2 bed/1 bath projected at $1,250/month and a 1 bed/1 bath with an XL bedroom and huge kitchen projected at $950/month. Both units offer large living rooms and include gated off-street parking—a rare bonus with 10 total spaces on site. Full basement adds valuable storage or workspace potential for the commercial tenant. Projected Gross Rent: $3,950/month or $47,400/year. Fixed Expenses: Taxes $4,786 | Insurance ~$3,500 | Refuse $2,000 | Water $800. Even when applying a conservative 20% variable expense reserve, this property produces a projected 12.2% Cap Rate at the new list price of $219,500. For owner-operators or lean landlords, trimming reserves reveals a stunning 16.5% Cap Rate potential. This property checks all the boxes: income, flexibility, upside. Whether you're launching your business and living upstairs, or fully leasing it out, this is a turn-key property with long-term value. Zoned and ready for mixed-use success in a thriving urban corridor. Don’t miss your shot at securing one of the best returns in the city!
Presented By: Mark C. Updegraff with Updegraff Group LLC;

Interior Features for 574 Chili Avenue # 572

Bathrooms

Main Level Bathrooms0
Total Baths

Other Interior Features

SeatingCapacity30
BasementFull
Basement (Y/N)Yes
Fireplace Y/NNo
FlooringConcrete, Hardwood, Varies
Heating Y/NYes
Total Fireplaces
Total Stories2

General for 574 Chili Avenue # 572

Building FeaturesOther, SeeRemarks
Business TypeGrocery
CityRochester
Construction MaterialsBrick, Concrete
CountyMonroe
DirectionsNorth on Thurston, left on Chili, destination on the right.
ElectricOther
Elementary School DistrictRochester
HeatingGas, ForcedAir
High School DistrictRochester
Lease Considered Y/NNo
LevelsTwo
Lot Size UnitsAcres
MLS AreaRochester City-261400
Middle/Junior School DistrictRochester
Number Of Units Total
PossessionBeforeClosing, CloseOfEscrow, Immediately
Possible UseResidential, Restaurant, Retail, ServiceBusiness
Property ConditionResale
Property Sub Type AdditionalApartment, Commercial
Property SubtypeApartment
Property TypeCommercialSale
RoofFlat
School DistrictRochester
SewerPublicSewer
Standard StatusActive
StatusActive
Stories2
Subdivision NameGardiner Hom D Assn
Tax Annual Amount4786.0
Tax Assessed Value96400
Tax Lot17
TaxOtherAnnualAssessmentAmount0.0
Total Rooms9
TownshipNot Applicable
Unit Number572
UtilitiesSewerConnected
Year Built1950
Year Built DetailsExisting
ZoningCommercial
Zoning DescriptionCommercial

Exterior for 574 Chili Avenue # 572

Building Area Total5781.0
InclusionsLand, Building and Business
Lot Dimensions92X97
Lot FeaturesRectangular, RectangularLot
Lot Size Acres0.19
Lot Size Area0.19
Number of Buildings1
Parking FeaturesCommon, Fenced, Surfaced
Total Parking10.0
Waterfront Y/NNo

Additional Details

Price History

Mark Siwiec

CEO
Price $219,500
MLS#R1580967
List Date 12/24/2024
Property Type Commercial
Phone
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