520 Main St Geneva, NY 14456
- Commercial real estate
- 31,150 SF
- 2.50 lot acres
Current Use by Public Records
- Trinity Church / Church
- Geneva Senior Citizens / City Government Office
Property Details for 520 Main St
- Year built
- 1806
- Lot size
- 2.50 lot acres
- Property size
- 31,150 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents the chance to acquire a prime 2.5-acre property in Geneva, New York's Historic District. The property, located at 520 S Main St, includes two buildings totaling 31,150 square feet, encompassing the historic Trinity Church. The asking price is $1,650,000, translating to $52.97 per square foot. Built in 1806, the three-story structures are zoned MR-HD and offer a unique blend of historical charm and modern development potential. Detailed plans are included for the transformation into a premier boutique hotel, featuring a luxury hotel, event space, restaurant, bar/reception area, business center, meeting rooms, and a fitness center. The project has already secured approval for both Part 1 and Part 2 historic tax credits, as well as a tax pilot program, significantly enhancing the investment's financial viability. Ideally situated within walking distance of downtown Geneva and Hobart and William Smith Colleges, the property also boasts stunning Seneca Lake views. This turnkey project offers a rare opportunity to restore a beloved landmark while creating a thriving destination.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Geneva
- County
- Ontario
- State
- New York
- Longitude
- -76.983620310923
- Latitude
- 42.862760808499
