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Incredible mixed-use investment opportunity in the heart of Rochester s high-visibility Chili Ave corridor! This solid brick and concrete building features a spacious commercial storefront with excellent street frontage, ideal for retail, salon, café, convenience store, or office (projected rent: $1,750/month a conservative estimate for this prime location). Above the storefront are two oversized residential units: a 2 bed/1 bath projected at $1,250/month and a 1 bed/1 bath with an XL bedroom and huge kitchen projected at $950/month.
Both units offer large living rooms and include gated off-street parking a rare bonus with 10 total spaces on site. Full basement adds valuable storage or workspace potential for the commercial tenant.
Projected Gross Rent: $3,950/month or $47,400/year.
Even when applying a conservative 20% variable expense reserve, this property produces a projected 12.2% Cap Rate at the new list price of $219,500. For owner-operators or lean landlords, trimming reserves reveals a stunning 16.5% Cap Rate potential.
This property checks all the boxes: income, flexibility, upside. Whether you're launching your business and living upstairs, or fully leasing it out, this is a turn-key property with long-term value. Zoned and ready for mixed-use success in a thriving urban corridor. Don t miss your shot at securing one of the best returns in the city!