www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
20363837
20363844

511-527 State St, Rochester, NY 14608

MC
NY NY 10301218830, NC 360675
EXP Commercial - Vega
RR
NY New York
eXp Commercial
Listed by EXP Commercial - Vega, eXp Commercial
$1,589,000
619 days on market
Updated 5 days ago
Opportunity zone

511-527 State Street

Details
APN 261400 106.61-1-40.003
Property Type Industrial, Mixed Use (+1)
Sub Type Apartment Building, Flex
Square Footage 24,492
Net Rentable (SqFt) 24,492
Units 24
Cap Rate 10.01%
NOI $159,093
Occupancy 92%
Tenancy Multi
Lease Type Modified
Price per SqFt $65
Year Built 1910
Year Renovated 2015
Buildings 2
Stories 4
Acreage 0.670
Zoning CCD-R Center City Riverfront
Investment Type Stabilized
Ground Lease No

Rochester Mixed-Use Residential | Office

Marketing description

Located just minutes from Downtown Rochester, 511-527 State Street offers investors the opportunity to acquire a renovated mixed-use asset with a diverse income stream and strong occupancy. Situated on a .64-acre parcel with access from both State Street and Frankfort Street, the property consists of two buildings totaling 24 units, including office suites, warehouse space, and residential apartments.

Originally constructed in 1910 and extensively renovated in 2015, the property features updated office and residential spaces, elevator service, electronic entry systems, and a fully sprinklered environment. Currently occupied by 14 commercial tenants and 8 residential tenants, with two commercial vacancies available for lease-up, the property provides both stable cash flow and upside potential.

Its strategic location near Downtown Rochester, Frontier Field, High Falls, Monroe Community College, restaurants, entertainment venues, and public transportation makes it an attractive destination for both businesses and residents.

Investment highlights

Attractive Brick Architecture

Renovated apartments and office suites

Walkable to restaurants and entertainment

Elevator and electronic entry system

Sprinklered Building

Listing Contacts

MC
NY NY 10301218830, NC 360675
EXP Commercial - Vega
RR
NY New York
eXp Commercial
Listed by EXP Commercial - Vega, eXp Commercial

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$159,093.00
$13,257.75/mo

Valuation Metrics

0
DSCR
10.01%
Cap Rate
10.01%
ROI

Map

Zoning

Intelligence Badge
CCD-R SpecialCenter City Riverfront District
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 16 uses
View all 16 uses
Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Michael Conroy
License
NY 10301218830
Brokerage
eXp Commercial
Brokerage Address
165 Broadway
Name
Richard Rock
License
New York
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591