416 Central Avenue, Rochester

Description

Unique investment opportunity for an owner-occupant in the heart of the Center City District. This 4,331 SF up/down duplex offers a blend of residential income, flexible zoning, and valuable on-site storage space. The property has been utilized most recently as a short/mid-term rental, along with storage in the back of the building for the owner. The site offers a private gated concrete driveway and rear yard with hanging Edison style lights for ambiance, and suitable for secure storage, outdoor dining, or tenant parking. Central Ave also offers ample street parking with those needing additional space. The first-floor unit is tenant-occupied on a month to month basis, while the second floor is currently offered vacant—ideal for an owner to occupy or lease for additional income. The property is zoned within the CCD-B (Center City Base District), allowing for a wide variety of uses; however, the new and current transferable Certificate of Occupancy reflects a two-family dwelling with storage. Previously, the building operated as office and storage space prior to its residential conversion, giving future owners multiple pathways for use or repositioning. An owner in the late 1980’s operated a restaurant out of the location for a time, further noting to the potential allowances of the zoning district. Interior features include a forced-air furnace around 10yrs old, along with water tanks of the same age, a 200 AMP electrical service, laundry facilities, and a dry basement providing additional storage. Recent capital improvements include a newer roof (15yrs old), new gutters (2025), and new attic insulation (2022). An additional feature is the ~500 SF climate-controlled storage area/workshop located at the rear of the building—perfect for contractors, hobbyists, artists live/work space w/ supplemental rental income. The property is well located just two turns from the Inner Loop connecting you to I-490, one turn from Amtrak, 10 minutes to the Airport, and 3 minutes to Downtown. The location has great proximity to the Rochester Public Market, Blue Cross Arena, Innovative Field, Strong Museum of Play, and other downtown amenities all under a 1.5 mile radius.