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601 W Main Street, Rochester, NY 14608

$3,300,000
  • 601 W Main Street, Rochester, NY 14608 Main Photo

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New to the Market Active
SQUARE FEET62,000 MLS#R1689241
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONRight Of Way SCHOOLRochester

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.

601 W Main Street | MLS# R1689241

This commercial property located at 601 W Main Street, Rochester, NY 14608 is currently listed for sale with an asking price of $3,300,000. W Main Street is located within the Rochester school district. Search Rochester real estate on www.mjpeterson.com today.

Property Features

Property Type: Commercial - Business
Cooling: Other, SeeRemarks
Heating: Other, SeeRemarks
Lot Size: 0.29 Acres
Roof Type: Other, SeeRemarks
Stories: 3.0
Taxes: $0
Year Built: 1920

Feature Descriptions

Days on Site: 2
Lot: IrregularLot
Lot Dimensions: 80X160
Parcel#: 261400-120-440-0001-004-000-0000
Units: 59
Utilities: WaterConnected
Water: Public

Local Schools

School District: Rochester

Listed By / Shown By

Listing By

Agency Name: Benchmark Realty Advisors, LLC
Agency Phone: 585-250-7175

Shown By

Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234

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