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.