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favorite this post 30000ft2 - Mini Storage/Residential Redevelopment Opportunity - Grants/Tax Breaks (63 Steko Ave, Rochester, NY) hide this posting unhide

30000ft2

FOR SALE:

OPPORTUNITY ZONE Redevelopment Opportunity.

SELF STORAGE and RESIDENTIAL conversion are approved uses - M-1 zoning. (FLOOR PLANS AVAILABLE)


SIZE OF STRUCTURE: 30,020 SF / 2 Stories
MUNICIPALITY: Rochester, NY - Maplewood Neighborhood
PROPERTY CLASS: Distribution Facility / Storage
LOT: 1.43 AC
LOT SIZE: 331'(Frontage) x 189'
DETACHED GARAGE: 8 Spaces
PRICE: Negotiable


STRONG TAX INCENTIVES EXISIT IN THIS AREA. An identified property within an OPPORTUNITY ZONE allows for a deferral and 15% forgiveness on a capital gain that is reinvested in an Opportunity Zone Fund (associated with a particular property) and held for 7 years. In addition, it allows for forgiveness of all new capital gains arising from the Opportunity Zone Fund if held in the fund for 10 years.

63 STEKO AVE, located just off Dewey Ave, in the heart of Rochester's Maplewood Neighborhood has rich history of light manufacturing, warehousing and distribution uses. The complex is in a highly accessible, stable neighborhood, less than a quarter mile from major thoroughfare and highways in many cases. Rochester City driven improvements and private investment have positioned this building and location for a robust development project.

The building features very solid brick/block, and post and beam construction. The potential parking field is ample, lot of green space. There is also a free-standing garage structure with 8 indoor spots.

Please contact show contact info for a full OFFERING MEMORANDUM, view approved plans, or to learn more about OPPORTUNITY ZONES.
  • do NOT contact me with unsolicited services or offers

post id: 6887830176

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