564 Chili Avenue, Rochester, NY 14611
sale
$250,000
|
Office
Courtesy Of North Star Real Estate of Rochester Inc.
INVESTOR ALERT - $40K PRICE REDUCTION! Exceptional value-add opportunity in Rochester's highly sought-after 19th Ward. This turn-key mixed-use building at 564 Chili Avenue delivers immediate residential cash flow with massive commercial upside. The entire second floor features three fully occupied 1-bedroom apartments generating steady income, while the first floor - most recently operating as a bar and nightclub - is ready for your next concept. The expansive commercial space includes a full kitchen, full bar, and open floor plan perfectly suited for a restaurant, lounge, cafe, event venue, or owner-operated business. A full basement offers ample prep, storage, and mechanical space. Building features one electric meter, a single boiler furnace serving the entire property, separate gas meters per unit for stoves, and a fire escape already in place. Heat and electricity are included in the residential leases. C of O active through 8/23/2026. Bring your vision and capitalize on the existing infrastructure at a price that pencils. Rare chance to own income-producing real estate with built-in commercial potential
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Property Features
- Age: Over 50 Years Old
- Building Units: 4
- Exterior Type: Brick
- Floor Covering: Vinyl
- Floor Covering: Linoleum
- Floors: 2
- Heating System: Central
- Heating System: Natural Gas
- MLSID: R1660406
- Roof Type: Asphalt
- Roof Type: Flat
- Rooms: Basement
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