Rochester, New York, offers a unique opportunity for investors to capitalize on the city's rich history, cultural attractions, and strong educational institutions. Shopping Centers in Rochester for sale present an attractive investment option, given the city's stable economy and growing population of around 210,000 residents. The city's shopping centers cater to a diverse range of consumers, from students and professionals to families and tourists, ensuring a consistent demand for retail and dining options. Rochester's shopping centers often feature a mix of local boutiques, national chain stores, and restaurants, providing a dynamic and engaging shopping experience. The city's infrastructure, including the Frederick Douglass Greater Rochester International Airport and the Louise M. Slaughter Rochester Station, makes it easily accessible for both locals and visitors. Additionally, Rochester's prestigious universities, such as the University of Rochester and Rochester Institute of Technology, contribute to the city's economic growth and stability, making it an attractive location for shopping center investments.
With 5 shopping centers for sale in Rochester, investors have a range of options to choose from. The average price per square foot for shopping centers in Rochester is $202 USD, with an average size of 120,634 square feet. The largest shopping center available for sale spans 252,557 square feet. Rochester's shopping centers offer a competitive average cap rate of 6.5%. In addition to shopping centers, Rochester also offers a range of other investment opportunities, including restaurants, specialty properties, land, and office properties. The city's restaurants, such as the iconic Nick Tahou Hots, offer a unique dining experience, while specialty properties, like the historic George Eastman Museum, provide a glimpse into Rochester's rich cultural heritage. Land and office properties, including those near the Rochester Institute of Technology, offer opportunities for development and growth. With its diverse range of investment options and strong economic foundation, Rochester is an attractive location for investors seeking to expand their portfolios.
What is the average cap rate for shopping centers in Rochester?
For investors seeking shopping centers in Rochester, the average cap rate is 6.5%, providing a promising return on investment in this market.
