Downtown Business Suite
- Massive Price Reduction: Now $1,000,000 (Reduced from $2,062,500)
- High-Yield Income: $13,750/month base rent (~16.5% Gross CAP).
- Stable Tenant: Smith, Schafer & Assoc. in place through 8/31/2028.
- Low-Overhead: Tenant pays HOA dues, Real Estate taxes, and utilities.
- Main Floor Footprint: Encompassing the entire ground level of Center Plaza
- Premier Location: Skyway-connected, Broadway S frontage, steps from Mayo Clinic.
Property Description
A premier downtown investment opportunity: the entire ground floor of the prestigious Center Plaza in Rochester. This expansive main-floor suite is comprised of 13 bundled parcel IDs, offering a significant footprint with prime Broadway Ave S frontage. Located in the heart of downtown, the property shares the building with Hotel Indigo and is steps away from CRAVE, the Rochester Chamber of Commerce, and RAEDI.This premier main-floor footprint is fully skyway-connected and located just steps from the Mayo Clinic campus, ensuring a steady flow of professional and medical traffic. Anchored by Smith, Schafer and Associates Ltd. (lease through August 2028), the property generates $13,750/month in stable, immediate cash flow.The versatile interior layout features a mix of private executive offices, open collaborative workspaces, and professional conference rooms. With a recently renovated exterior (2020), the property offers a modern, polished presence in Rochester's premier business corridor—perfect for the investor seeking a stable, income-producing asset in a world-class location.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,000,000 |
| Year Built: | 1969 |
| Lot Size: | 25,451.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
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