511 State Street Rochester NY 14608 MLS #R1579705

511 State Street
Rochester, NY, 14608
$1,675,000
7 Beds
0 Baths
22,532 SqFt
0.67 Acres
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$1,675,000
511 State Street
Rochester, NY, 14608
Presenting a fully renovated mixed-use property located at 511-527 State Street in Rochester, NY 14608. This prime investment consists of two buildings situated on a .64-acre lot, offering cross access between State Street and Frankfort Street and providing the convenience of off-street parking. The front building on State Street includes office suites, a warehouse, and 8 fully remodeled residential apartments, while the rear building on Frankfort Street features additional remodeled office suites and a small warehouse. Together, the buildings offer a total of 24 units, with 14 commercial tenants and 8 residential tenants in place, along with 2 vacant commercial units ready for leasing opportunities.

Originally built in 1910, the property underwent a complete renovation in 2015, including an elevator, modern sprinkler systems throughout, and electronic entry for enhanced security. The apartments and office spaces have been updated, giving the property a fresh, contemporary appeal. Located on a bus line and within walking distance to popular destinations like Frontier Field, Monroe Community College, High Falls, Genesee Brewery, and various restaurants and shopping, the property also benefits from its proximity to downtown RochesAter, making it an ideal location for both commercial and residential tenants. Zoned CCD-R (Center City Riverfront), this property offers a range of potential uses for investors looking to capitalize on Rochester’s thriving Center City.

Property Details

Price:
$1,675,000
MLS #:
R1579705
Status:
Active
Beds:
7
Baths:
0
Address:
511 State Street
Type:
Single Family
Subtype:
Commercial
Subdivision:
Benjamin Wright
Neighborhood:
Rochester City-261400
City:
Rochester
Listed Date:
Dec 2, 2024
State:
NY
Finished Sq Ft:
22,532
Total Sq Ft:
22,532
ZIP:
14608
Lot Size:
29,185 sqft / 0.67 acres (approx)
Year Built:
1910

Schools

School District:
Rochester

Interior

Appliances
Common Water Heater, Electric Oven, Electric Range, Disposal, Gas Water Heater, Microwave, Refrigerator
Cooling
Central Air
Flooring
Ceramic Tile, Luxury Vinyl, Varies
Heating
Gas, Forced Air
Laundry Features
Washer Hookup

Exterior

Construction Materials
Brick
Exterior Features
Blacktop Driveway
Parking Features
One Space, Driveway, No Garage, Shared Driveway
Roof
Flat, Membrane, Rubber
Security Features
Security Service

Financial

Net Operating Income
$150,782
Taxes
$20,758
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Malcom, is 28 years old, a father of two kids, very self driven and motivated to succeed for his family. He is a spiritual person with a very strong mind. Malcolm attended East High School located in Rochester, NY. He also went to MCC, Bryant and  Stratton as well. He is an avid gamer. His PS4 gamer tag is KingofAllGodz585. Malcolm also loves to do any physical activities such as football, basketball, weight lifting etc. He is a very huge Greenbay Packer fan and Miami Heat fan as well as a big…

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