1. New York
2. Rochester
3. 574 Chili Avenue 572

574 Chili Avenue 572, Rochester, NY 14611

• 5,781 sqft

Property Description

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!

Listing Status:

Pending

Date Added:

December 24, 2024 at 06:00AM

Listing Office:

Updegraff Group LLC : 585-298-8282

Listing Agent:

Mark C. Updegraff : 585-314-9790

MLS ID:

R1580967

Interior

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Mark C. Updegraff, Updegraff Group LLC