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360 Thurston Rd

7,512 SF 100% Leased Retail Building Rochester, NY 14619 $354,051 CAD ($47 CAD/SF) 10% Cap Rate

Investment Highlights

  • Income Monster (Commercial, Restaurant, Apartment)
  • Partially Renovated
  • Tons of Natural Light

Executive Summary

Nestled just three blocks from Brooks Ave, at 360 Thurston Rd in Rochester, NY, this gem is ripe for the picking. With a hefty investment already poured into it, the stage is set for a visionary to transform this space into a veritable cash cow. Picture 3,600 sq ft of prime retail/restaurant space equipped with a full kitchen, including a walk-in and a spanking new vent hood. The setup is screaming for a bustling eatery or a vibrant lounge/nightclub, complemented by fully fitted men’s and women’s restrooms. Upstairs, a 4-bedroom apartment waits to either bolster your income or become your urban retreat. Both levels are kitted out with on-demand HW, furnaces, and AC to keep the atmosphere just right. And let’s not forget the icing on the cake – a 2,500 sq ft back parking lot ready to host 10-12 cars. This isn’t just a building; it’s your next gold mine waiting for the right touch.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Build to Suit
Property Type
Retail
Building Size
7,512 SF
Building Class
C
Year Built
1925
Price
$354,051 CAD
Price Per SF
$47 CAD
Cap Rate
10%
NOI
$35,405 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.23
Land Acres
0.14 AC
Zoning
C-1 - Neighborhood Central District/ Small Scale Commercial Zoning. More info can be found here - https://ecode360.com/8679793
Parking
12 Spaces (1.6 Spaces per 1,000 SF Leased)
Frontage
50 ft on Thurston

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
261400-120-800-0002-005-000-0000
Land Assessment
$26,440 CAD
Improvements Assessment
$107,168 CAD
Total Assessment
$133,608 CAD
  • Listing ID: 32091252

  • Date on Market: 2024-06-11

  • Last Updated:

  • Address: 360 Thurston Rd, Rochester, NY 14619

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