Property Description

Value-add commercial investment at 1600-1604 Lyell Avenue in Rochester, a two-story mixed-use building of roughly 18,900 square feet on the busy Lyell Avenue corridor in Monroe County. The fully leased ground floor brings in a current gross rent of $91,080 per year ($7,590 per month) from three established tenants, while the entire second floor sits vacant and ready to lease, so the new owner captures the upside. Ground-floor income is anchored by Occupational Safety On-Site in Suites 1B and 1C, 2,450 square feet, leased through August 2030 with two 3-year options. Perri's Pizza holds 4,300 square feet in Suites 1D-1F through December 2028 with three 3-year options. Sweet Ambience occupies Suite 1A month-to-month. The second floor offers five leasable suites (2A-2B combined, 2C, 2D, 2E, and 2F) on modified gross leases. Once fully leased at asking rates, pro forma gross rent reaches about $170,020 per year ($14,168 per month). Pro forma figures are projections, not guaranteed. Recent capital work includes a roof inspected, patched, and Alum-Koted in July 2024, plus newer rooftop HVAC units (Suite 2C installed 2022). On-site parking serves the building. The sale is the building, not the businesses.

Property Features

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