228 Plymouth Avenue S

Description

Well Positioned Office Building on South Plymouth Avenue directly off of I-490, within Rochester's Corn Hill Neighborhood. This two-story property sits on over a half acre site commanding approximately 45 paved parking spots, and two curb cut entrances on each side. The floor plan offers 13,500 SF +/- of professional office suites, conference rooms, kitchenette, break rooms, restrooms, and plenty of adaptable flex space on each level. Multiple entrances including a glass-walled front atrium and reception area, offering a new owner the ability to divide the space for multiple users. The first floor encourages synergy with a large flex area currently utilized as a music recording space adjacent to the main offices. The second floor comprises a healthy number of large suites and multiple boardrooms. Utility expenses for the building are offset by a 57kW Solar System. The systems annual average production has been ~55MWh since its 2020 inception and offers a yearly $5,000 NYS Tax Exemption. Depending on a futures users service class and peak demands, this system has the ability to net electric expenses for the occupier. Owner leaseback opportunity! Updated bldg NOI, 8% Cap rate.