503-937-2177
89 East Ave, Rochester, NY for Sale
Office - FOR SALE
1/5
null | Request Cap Rate

89 East Ave
Rochester, NY 14649
Downtown Rochester


HIGHLIGHTS

  • The 10-story façade is finished with limestone and marble in a neo-classical style with brick on the building’s non-dominant facades.
  • 89 East Ave is located approximately a half mile from Interstate 490, in the East End District and adjacent to the Eastman School of Music.
  • The property is zoned in the Center City Tower District (CCD-T).
  • Roof improvements have been made over the years with the most recent repairs made in 2018. The entire 8th floor roof was replaced in 1985.
  • Floors 1-10 are served by four elevators located in the northwest corner of the building.
  • The site consists of 70 parking spaces plus two handicap parking spaces on the East Ave side of the lot.

OVERVIEW

JLL & Pyramid Brokerage, as exclusive advisor for the seller, is pleased to present the opportunity to acquire the fee simple interest in 89 East Ave (or the “Property”) located at 89 East Avenue in Rochester, NY. The renovated, 144,568-square-foot building features multi-family residential, retail, hotel, and commercial mixed-use capabilities. A valuable asset for tenants looking to relocate to a tax-beneficial location within the Opportunity Zone. This neo-classical building was built in 1926 as a 10-story, limestone structure. 89 East Ave underwent an extensive renovation from 2016 - 2018 that featured HVAC/mechanical, lighting, and other cosmetic improvements. Despite the heavy restoration, this historically designated building provides top-quality amenities while preserving its 20th-century character. The station 8 lot located squarely in the Opportunity Zone is a 1.34-acre lot available to accommodate excess parking for the office building or can be a completely separate development with zoning that accommodates retail, multi-family, and office uses.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Rochester Gas & Electric

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

10

BUILDING CLASS

A

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

CCD-T

APN/PARCEL ID

261400-121-240-0002-038-000-0000

ASK ABOUT THIS PROPERTY

503-937-2177

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503-937-2177

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