
511-527 State St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you

Your email has been sent!
511-527 State St
24,000 SF 100% Leased Retail Building Rochester, NY 14608 $2,548,705 CAD ($106.20 CAD/SF) 8.49% Cap Rate



INVESTMENT HIGHLIGHTS
- Fully renovated in 2015
- Close proximity to downtown Rochester
- Elevator and electronic entry system
- Lender Reviewed
- Walkable to restaurants and entertainment
- Modernized apartments and office suites
EXECUTIVE SUMMARY
Presenting a fully renovated mixed-use property located at 511-527 State Street in Rochester, NY 14608. This prime investment consists of two buildings situated on a .64-acre lot, offering cross access between State Street and Frankfort Street and providing the convenience of off-street parking. The front building on State Street includes office suites, a warehouse, and 8 fully remodeled residential apartments, while the rear building on Frankfort Street features additional remodeled office suites and a small warehouse. Together, the buildings offer a total of 24 units, with 14 commercial tenants and 8 residential tenants in place, along with 2 vacant commercial units ready for leasing opportunities.
Originally built in 1910, the property underwent a complete renovation in 2015, including an elevator, modern sprinkler systems throughout, and electronic entry for enhanced security. The apartments and office spaces have been updated, giving the property a fresh, contemporary appeal. Located on a bus line and within walking distance to popular destinations like Frontier Field, Monroe Community College, High Falls, Genesee Brewery, and various restaurants and shopping, the property also benefits from its proximity to downtown Rochester, making it an ideal location for both commercial and residential tenants. Zoned CCD-R (Center City Riverfront), this property offers a range of potential uses for investors looking to capitalize on Rochester’s thriving Center City.
Originally built in 1910, the property underwent a complete renovation in 2015, including an elevator, modern sprinkler systems throughout, and electronic entry for enhanced security. The apartments and office spaces have been updated, giving the property a fresh, contemporary appeal. Located on a bus line and within walking distance to popular destinations like Frontier Field, Monroe Community College, High Falls, Genesee Brewery, and various restaurants and shopping, the property also benefits from its proximity to downtown Rochester, making it an ideal location for both commercial and residential tenants. Zoned CCD-R (Center City Riverfront), this property offers a range of potential uses for investors looking to capitalize on Rochester’s thriving Center City.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
---|---|---|
Gross Rental Income |
$99,999
![]() |
$9.99
![]() |
Other Income |
$99,999
![]() |
$9.99
![]() |
Vacancy Loss |
$99,999
![]() |
$9.99
![]() |
Effective Gross Income |
$99,999
![]() |
$9.99
![]() |
Taxes |
$99,999
![]() |
$9.99
![]() |
Operating Expenses |
$99,999
![]() |
$9.99
![]() |
Total Expenses |
$99,999
![]() |
$9.99
![]() |
Net Operating Income |
$99,999
![]() |
$9.99
![]() |
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
24,000 SF
Building Class
B
Year Built/Renovated
1910/2015
Price
$2,548,705 CAD
Price Per SF
$106.20 CAD
Cap Rate
8.49%
NOI
$216,506 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Loading Docks
1 Exterior
Building FAR
0.87
Lot Size
0.64 AC
Opportunity Zone
Yes
Zoning
CCD-R - Center City Riverfront
Parking
24 Spaces (1 Space per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Roof Terrace
- Air Conditioning
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS






PROPERTY TAXES
Parcel Number | 261400 106.61-1-40.003 | Total Assessment | $1,215,826 CAD (2023) |
Land Assessment | $163,150 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $1,052,675 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
261400 106.61-1-40.003
Land Assessment
$163,150 CAD (2023)
Improvements Assessment
$1,052,675 CAD (2023)
Total Assessment
$1,215,826 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by

511-527 State St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.