For Sale For Rent
Advertise
bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
5,781
acreage
Acreage
0.19
open houses
Open Houses
-
year built
year built
1950
full baths
Full Baths
0
half baths
Half Baths
0
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!
Location
Subdivision Gardiner Hom D Assn
County Monroe
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
Find out more
Tell us who you are, and we will have someone reach out to you.

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Mark C. Updegraff, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: R1580967
Listing agent: Mark C. Updegraff #10491205428
Listing broker: Updegraff Group Realty (585) 764-0540
Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Tuesday, April 22 2025 at 3:23 p.m. EDT
Kotohomes National