2316-2322 Lyell Avenue
Mixed Use | 7.14% CAP | 7,752 SqFt
Marketing description
2316-2322 Lyell Avenue is a six-unit mixed-use investment property offering three ground-floor retail suites and three second-floor professional office units on one of Rochester's most active commercial corridors. The property presents a compelling combination of established retail income and a brand-new office component — delivering the best of both a seasoned asset and new construction in a single acquisition.
The ground-floor retail suites are existing units with a proven tenancy history and strong visibility from Lyell Avenue's 28,000+ daily vehicles. The entire second floor is new construction, completed July 2024, featuring three modern office suites built to current codes and standards. Supporting the entire building, a new roof (2023) and all-new mechanical systems — including HVAC, electrical, and plumbing — have been installed, eliminating near-term capital expenditure risk for a new owner.
Investment highlights
- 3 ground-floor retail suites — existing construction with proven tenancy
- 3 second-floor office suites — entirely new construction, completed July 2024
- New roof (2023) and all-new mechanicals — HVAC, electrical, and plumbing throughout
- Direct visibility from Wegmans — a regional grocery anchor generating consistent d aily foot traffic
- Surrounded by national retailers on a corridor with 28,000+ vehicles per day
- Public bus line, Routes 390 & 490 access, close proximity to Rochester International Airport
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