Opportunity Zone Historic Redevelopment
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Opportunity Zone Historic Redevelopment 2 Biens de type Industriel/Logistique Vente aux enchères en ligne Rochester, NY
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Portfolio of industrial buildings constructed in the early 1900s and ready for redevelopment with expansion potential and flexible design options.
- The buildings total 29,472 square feet on 0.52 acres near the Jay and Frankfort Street intersection, less than 3 miles from Downtown Rochester.
- Interstate 490 runs adjacent to the neighborhood and can connect commuters to Buffalo to the west and Syracuse to the east.
- City-central location in the Brown Square neighborhood outside Downtown Rochester; tax-incentivized Opportunity Zone and CCD Riverfront District.
- A prime opportunity for a seasoned developer to convert the properties to affordable housing, offices, artisan workspaces, or residential.
- Starting bid $1 | Absolute auction.
RÉSUMÉ ANALYTIQUE
As the exclusive advisor, eXp Commercial presents the historical redevelopment opportunity just outside the heart of Downtown Rochester. This 29,472-square-foot redevelopment project is in the vibrant Brown Square neighborhood, just a short walk from downtown Rochester’s entertainment district, restaurants, shopping, and sports venues.
Offering flexibility for affordable housing, offices, artisan workspaces, or residential development, this project provides incredible potential within Monroe County’s tax-incentivized Opportunity Zone with CCD Riverfront District zoning. This opportunity is an ideal candidate for innovative projects, with grants and incentives available for exploration based on the scope of the development. The conceptual design includes vaulted ceilings, exposed brick, dimensional lumber, and flexible floor plans to inspire creative use. The property features an elevator with twin staircases, a full sprinkler system, and expansive economic development opportunities.
Main Street and Clinton Avenue are considered the "main & main" or "heart of downtown", only 1.2 miles away. 40 Jay Street is walkable to downtown Rochester. It's also walkable to the Innovative Field that hosts the Rochester Red Wings, the AAA affiliate for the Washington Nationals, and other entertainment. Blue Cross Arena is walkable and hosts the Rochester Amerks hockey team, the Buffalo Sabers' affiliate. Blue Cross Arena holds about 14,000 people and is used for concerts, trade shows, and other events. Public transportation is plentiful, and many restaurants and other entertainment options are downtown. It is across the street from the High Falls district, with a great view of the Genesee River and High Falls.
The subject’s 5-mile radius is stabilized with a healthy population of 313,810 residents and an average household income of over $70,300. There are more renters than homeowners in the area, as 56% of households are renter-occupied. Of the 265,420 daytime employees, the three largest industries are education and health services, professional and business services, and trade transportation and utilities. Some of Monroe County’s largest employers include the University of Rochester (including its Medical Center), Lifetime Healthcare Companies, Paychex, and Wegmans Food Markets.
Three adjacent parking lot parcels offer further development options, making expansion of the project possible; please inquire with the broker to learn more about the separate parcels. Take advantage of this unique opportunity to transform a historic site in a prime Rochester location.
Property tours are available by appointment only. Please contact the broker to schedule.
Offering flexibility for affordable housing, offices, artisan workspaces, or residential development, this project provides incredible potential within Monroe County’s tax-incentivized Opportunity Zone with CCD Riverfront District zoning. This opportunity is an ideal candidate for innovative projects, with grants and incentives available for exploration based on the scope of the development. The conceptual design includes vaulted ceilings, exposed brick, dimensional lumber, and flexible floor plans to inspire creative use. The property features an elevator with twin staircases, a full sprinkler system, and expansive economic development opportunities.
Main Street and Clinton Avenue are considered the "main & main" or "heart of downtown", only 1.2 miles away. 40 Jay Street is walkable to downtown Rochester. It's also walkable to the Innovative Field that hosts the Rochester Red Wings, the AAA affiliate for the Washington Nationals, and other entertainment. Blue Cross Arena is walkable and hosts the Rochester Amerks hockey team, the Buffalo Sabers' affiliate. Blue Cross Arena holds about 14,000 people and is used for concerts, trade shows, and other events. Public transportation is plentiful, and many restaurants and other entertainment options are downtown. It is across the street from the High Falls district, with a great view of the Genesee River and High Falls.
The subject’s 5-mile radius is stabilized with a healthy population of 313,810 residents and an average household income of over $70,300. There are more renters than homeowners in the area, as 56% of households are renter-occupied. Of the 265,420 daytime employees, the three largest industries are education and health services, professional and business services, and trade transportation and utilities. Some of Monroe County’s largest employers include the University of Rochester (including its Medical Center), Lifetime Healthcare Companies, Paychex, and Wegmans Food Markets.
Three adjacent parking lot parcels offer further development options, making expansion of the project possible; please inquire with the broker to learn more about the separate parcels. Take advantage of this unique opportunity to transform a historic site in a prime Rochester location.
Property tours are available by appointment only. Please contact the broker to schedule.
VISITES 3D MATTERPORT
3D Tour of the 4th Floor Industrial Space
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DATA ROOM Cliquez ici pour accéder à
- Operating and Financials
- Purchase Agreement
- Title and Insurance
ANALYSES DU MARCHÉ Cliquez ici pour accéder à
INFORMATIONS SUR L’IMMEUBLE
| Condition de vente | Vente aux enchères | Nb de biens | 2 |
| Type de propriété | Pleine propriété | Surface totale de l’immeuble | 2 738 m² |
| Type de vente | Investissement | Surface totale du terrain | 0,21 ha |
| Statut | Actif |
| Condition de vente | Vente aux enchères |
| Type de propriété | Pleine propriété |
| Type de vente | Investissement |
| Statut | Actif |
| Nb de biens | 2 |
| Surface totale de l’immeuble | 2 738 m² |
| Surface totale du terrain | 0,21 ha |
Biens
| NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION |
|---|---|---|---|
| 40 Jay St, Rochester, NY 14608 | Industriel/Logistique | 2 282 m² | 1900 |
| 99 Frankfort St, Rochester, NY 14608 | Industriel/Logistique | 456 m² | 1920 |
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CONSEILLER EN VENTE
CONSEILLER EN VENTE
Michael Conroy, Associate Broker
Michael Conroy est un courtier immobilier commercial et investisseur agréé à New York. Actif depuis 2008, M. Conroy se spécialise dans les secteurs de la vente au détail et de l'immobilier multifamilial et est un expert en matière de sélection de sites, de représentation de centres commerciaux et de ventes aux entreprises.
À PROPOS DE LA TECHNOLOGIE DES ENCHÈRES
Les enchères de Ten-X reposent sur une technologie de pointe pour les transactions en ligne dans le secteur de l’immobilier d’entreprise, ayant généré un total de plus de 34 milliards de dollars de transactions. Grâce à l’utilisation de cette technologie avancée et d’informations sur les actifs en temps réel, Ten-X positionne au mieux vos annonces pour trouver l’acquéreur idéal. Avec un processus d’enchères très rapide, une due diligence complète et la vérification des acquéreurs, les transactions sont conclues deux fois plus vite et avec deux fois plus de fiabilité pour les brokers, les propriétaires et les investisseurs.
Lire plus
CONTACT POUR LES ENCHÈRES
Victoria Quade
Contact
Licence du commissaire-priseur :
Ten-X, Inc. Vibhav Kapila RE Brkr 10991231490
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VIDÉOS
VISITE 3D
PHOTOS
STREET VIEW
RUE
CARTE
Frais de transaction 3 %
Basés sur le montant de l’enchère gagnante
Frais de transaction minimaux
20 000 $ USD
Frais de transaction maximaux
300 000 $ USD
Exemple de calcul
Montant de l’enchère gagnante
5 000 000 $ USD
Frais de transaction
150 000 $ USD (3 %)
Prix d’achat total
5 150 000 $ USD
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Opportunity Zone Historic Redevelopment
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Présenté par
Opportunity Zone Historic Redevelopment
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