For Sale

Creative Estate

429 State St | Rochester, NY , US

price$625,000
property typeCommercial Sale
year built1900

highlights

•Approximately 8,050 SF currently available
•Existing office, retail-service, and automotive tenants
•Opportunity for an owner-user to occupy available space while collecting rental income
•Value-add potential through the lease-up of vacant suites
•Flexible suite configurations suitable for a variety of commercial uses

property
details

STATUSActive
SALE PRICE PER UNIT$625,000
YEAR BUILT1900
PROPERTY TYPECommercial Sale
BUILDING SIZE24,073 SF
LOT SIZE0.33 acres
CAP RATE7.14%
SALE PRICE$625,000
STORIES4
OCCUPANCY %62%
ZONINGCCD-R
DAYS ON MARKET1

property
description

429 State Street presents a mixed-use, value-add opportunity totaling approximately 24, 073 square feet. Built in 1900, the property contains 23 suites comprising approximately 19, 875 square feet and accommodates a mix of office, retail-service, and automotive-repair uses. Approximately 8, 050 square feet is currently vacant, providing flexibility for an owner-user seeking space for its business while benefiting from income generated by the existing tenants. The property may also appeal to an investor with the experience and resources to improve occupancy and enhance operating performance through focused leasing and active management. With established tenants, multiple suite configurations, and meaningful available space, 429 State Street offers a practical opportunity to acquire an income-producing property with identifiable upside potential.

location
description

429 State St | Rochester, NY , US

Located on State Street in Rochester’s High Falls District, the property is positioned near Downtown Rochester and offers convenient access to I-490 and the surrounding city street network. Its central urban location supports a variety of office, service, retail, and automotive-related uses.

Michael Conroy

Michael Conroy

NY #10301218830
(585) 735-7739
Richard Rock

Richard Rock

NY #30RO1055945
(585) 217-7800

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