Redevelopment Opportunity

40 Jay St Rochester, NY 14608

40 Jay St, Rochester, NY, 14608
Conceptual Rendering
40 Jay St, Rochester, NY, 14608 40 Jay St, Rochester, NY, 14608 40 Jay St, Rochester, NY, 14608 40 Jay St, Rochester, NY, 14608 40 Jay St, Rochester, NY, 14608
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$500,000
Last Verified:
Dec 09, 2024

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Highlights

  • City Central Located
  • Flexible Design Options
  • Expansion Potential

Description

This 29,472 SF redevelopment project is located in the vibrant Brown Square neighborhood, just a short walk from downtown Rochester’s entertainment district, restaurants, shopping, and sports venues. Offering flexibility for affordable housing, offices, artisan workspaces, or residential development, this project provides incredible potential within the **CCD Riverfront District** zoning.

The conceptual design includes vaulted ceilings, exposed brick, dimensional lumber, and flexible floor plans to inspire creative use. The property features an elevator with twin staircases, a full sprinkler system, and expansive economic development opportunities.

**Five additional adjoining properties** are available, offering expansion options for parking, green space, or further development. This property is an ideal candidate for innovative projects, with grants and incentives available for exploration based on the scope of the development.

Take advantage of this unique opportunity to transform a historic building in a prime Rochester location.

40 Jay Street is located in Rochester, New York, in the heart of the city's historic neighborhood. This scenic address is nestled between the Genesee River and High Street, offering stunning views and proximity to local attractions. The area is known for its unique blend of 19th-century architecture, vibrant arts scene, and eclectic mix of shops and restaurants.


Year Built: 1900
Building Size: 29472sq ft
Building Class: C
Lot Size: 0.66 acres


Documents

40 Jay St Flyer
CCD Base District. - Riverfront District.pdf

Map of 40 Jay St, Rochester, NY, 14608

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.