bedrooms
0
bathrooms
0
square feet
5,781
Acreage
0.19
Open Houses
-
year built
1950
Full Baths
0
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 | - |
Find out more
Tell us who you are, and we will have someone reach out to you.
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
Other listings you might be interested in
$219,900
0 Bed •
0 Bath •
5,651 ft²
551 E Main Street
Rochester, NY 14604
$550,000
0 Bed •
0 Bath •
5,944 ft²
469 Lyell Avenue
Rochester, NY 14606
$249,900
0 Bed •
0 Bath •
4,900 ft²
1068 Meiser Road
Alabama, NY 14036
$389,900
0 Bed •
0 Bath •
7,883 ft²
1456 - 1464 Dewey Avenue
Rochester, NY 14615
$305,000
0 Bed •
0 Bath •
6,500 ft²
596 E Main Street
Batavia-City, NY 14020
$299,999
0 Bed •
0 Bath •
7,202 ft²
4529 Mill Street
Shelby, NY 14103
$395,000
0 Bed •
0 Bath •
5,112 ft²
10204 Roosevelt Highway
Yates, NY 14098
$580,000
0 Bed •
0 Bath •
4,900 ft²
2862 Guyanoga Road
Jerusalem, NY 14418
$650,000
0 Bed •
0 Bath •
6,273 ft²
258 Hamilton Street
Geneva-City, NY 14456
$799,995
0 Bed •
0 Bath •
7,088 ft²
948 George Street
Wheatland, NY 14511
$585,000
0 Bed •
0 Bath •
8,316 ft²
18 Snell Road
Geneva-City, NY 14456
$500,000
0 Bed •
0 Bath •
10,416 ft²
20 Pleasant Street
Canandaigua-City, NY 14424