Hardwood Commons

Highlights:

• Multi-Tenant Retail Center Totaling 37,289 of Total Rentable Square Feet
• Low Rent and Low Price Per Square Foot - Placed Well Below Replacement Cost
• Comprised of Three Buildings - 27,619 Square Foot Retail Center and two Standalone Outparcel Ground Leases
• All Income is from National Tenants - Upside in the Leasing of the Vacant Space - Massive Opportunity
• Ground Lease and a Dunkin' Donuts Drive Thru Equipped Ground Lease
• Located on 4.44 Acres in the Heart of Rochester's Lyell-Otis Neighborhood - 4 Miles from the Heart of Downtown Rochester
• Excellent Signage for all Tenants
• The Property is Located at the Hard Corner Signalized Intersection of Lyell Avenue and Otis Street
• Multiple Points of Ingress and Egress from both Lyell and Hague
• Dense Demographics - 22K Residents in a 1 Mile Radius and 144K Residents in a Three Mile Radius
• Strong Tenant Mix Conducive to the Area's Demographics

Description:

Introducing 569-571 Lyell Avenue, a prime commercial investment opportunity in the heart of Rochester. This iconic 35,000 SF free-standing building, constructed in 1940, offers a solid investment with 100% occupancy. Zoned for commercial use, this property presents an exceptional opportunity for retail investors seeking a well-established location in a vibrant market. With a proven track record of full tenancy, this property promises immediate and sustained returns. Don't miss your chance to add this sought-after asset to your portfolio.

Rochester is a city New York, and the third-most populous after New York City and Buffalo. It is the seat of Monroe County, with an estimated population of 211,328 at the 2020 census. The city forms the core of the larger Rochester metropolitan area in Western New York, with a population of just over 1 million residents. Rochester is a global city, ranked by the Globalization and World Cities Research Network as having sufficiency status.

Rochester was one of the United States' first boomtowns, initially due to the fertile Genesee River Valley, which gave rise to numerous flour mills, and then as a manufacturing hub. Several of the region's universities (notably the University of Rochester and Rochester Institute of Technology) have renowned research programs. The area is the birthplace of Kodak, Paychex, Western Union, French's, Bausch & Lomb, Gleason, Ragú, and Xerox, which conduct extensive research and manufacturing of industrial and consumer products.

The University of Rochester is a private research university in Rochester, New York. The university offers 160 undergraduate and 30 graduate programs across seven schools spread throughout five campuses. It enrolls over 12,000 students and has approximately 30,000 full-time employees. The university is the largest private employer in Upstate New York and the 7th largest in all of New York State.

Rochester is also known for its culture; in particular, the Eastman School of Music, one of the most prestigious conservatories in the world, and the Rochester International Jazz Festival anchor a vibrant music industry. It is the site of several museums such as The Strong National Museum of Play and the George Eastman Museum, which houses the oldest photography collection in the world.