114-118 Saint Paul Street, Rochester

Description

A premier investment opportunity in Rochester’s St. Paul Quarter neighborhood. This stately three-story mixed-use building offers ±17,842 square feet of income generating space across five beautifully updated residential units and two high visibility commercial suites. Originally built in 1910 and recently renovated throughout, the property blends historic architecture with modern convenience. The residential component includes a luxurious owner’s suite and three fully furnished apartments ideal for executive or short-term rentals. All five units feature updated finishes and thoughtful layouts, with elevator access to each floor. At street level, two commercial storefront suites provide ideal visibility and foot traffic along St. Paul Street’s urban corridor.

The building also holds a rare amenity for the downtown core, a 13-car enclosed parking garage, adding significant value for both residents and commercial tenants. The structure spans a 0.23 acre lot with approximately 68 feet of frontage along St. Paul, and is zoned CCD-R (Center City Riverfront), supporting a wide range of mixed-use and redevelopment potential. The building sits within a designated Opportunity Zone, offering tax incentivized investment upside. The property is fully leased, generating stable in-place income with minimal deferred maintenance.

Nestled in Rochester’s historic St. Paul Quarter, once known as “Clothier’s Row,” the building stands among architecturally significant structures that once powered the city’s garment and manufacturing industries. Today, it shares the block with preserved landmarks like the H.H. Warner and Edwards buildings and features an acclaimed public mural installation titled (“Some Things are Better Left Unseen”) as part of Rochester’s WALLTHERAPY street art initiative. Blending architectural character with stable income and urban infill appeal, 114–118 St. Paul Street is a standout mixed-use opportunity well suited for owner occupants, or investors seeking long term value in the heart of Rochester.