22 Franklin CtRochester, NY 14604

For Sale
$225,000

High-yield land, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 0.38-acre commercial land parcel, located at 22 and 30 Franklin Court in Rochester, NY (14604), presents a unique investment opportunity. Currently operating as a profitable parking lot generating approximately $38,000 in annual income, the property offers immediate cash flow. The site comprises two parcels, each offering potential for significant development. The combined area of 0.38 acres provides ample space for various projects. Adjacent parcels totaling an additional 0.14 acres are also available for purchase, expanding the potential development area to approximately 0.52 acres. This prime location in the heart of downtown Rochester offers unparalleled access to amenities and high visibility. The property's current use as a parking lot with approximately 55-60 spaces demonstrates strong market demand. The site's triangular shape presents a unique architectural challenge and opportunity for creative development. This is a turnkey opportunity for developers seeking a high-yield, income-producing asset in a thriving urban environment. The asking price for this exceptional property is $225,000.

Highlights

  • Income-producing parking lot generating approximately $38,000 annual net operating income (NOI).
  • Downtown Rochester location with high visibility and access to amenities.
  • Phase I environmental site assessment completed.
  • Up to 0.52 acres available with adjacent parcels.
  • Excellent development opportunity.

Property Details for 22 Franklin Ct

Property type
Other land, Land
Lot Size (sq. ft)
16,553 SF

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.15882139
Longitude
-77.60579234
22 Franklin Ct, Rochester, New York

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22 Franklin Ct
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