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    The Largest CRE Database in the US with Over 1 Million Listings

    53 Main St Geneseo, NY 14454

    Sponsored
    For Lease
    $2,500 /Mo ($7 SF/Yr)

    COMMERCIAL - Geneseo, NY

    Property size:
    3,820 SF
    Lot size:
    0.06 Acres
    Days on Market:
    17
    Last Refresh:
    Jan 24 at 9:06 am

    Property Features for 53 Main St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    05
    APN
    242601-080-012-0002-034-000-0000
    Parking
    5
    Size
    3,820 SF
    Lot size
    0.06 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Natural Gas, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1958
    Floors in Building
    1
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Alan S. Cole

    AB Cole Real Estate (585) 243-2643

    Listing agent Alan S. Cole (585) 243-2643 License #40CO0800613

    Listing date Jan 8, 2026

    MLS# R1657232

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Restaurant Space on Main

    This turnkey restaurant space is available for lease in a prime Main Street location. The recently renovated storefront, formerly a fully operating restaurant, is move-in ready and equipped to get started immediately. Key features include a fully equipped kitchen with multiple coolers, a fryer, and an Ansel fire suppression system. An ice machine, cash register, and full bar setup with a keg system are also included. The dining area is complete with tables and chairs. Large front-facing windows are designed to maximize street visibility and attract foot traffic, complemented by a retractable sidewalk awning for outdoor appeal. Basement storage space is included. On-site parking is available in shared spots at the storefront. The lease includes all equipment and furnishings. The owner covers water and sewer utilities. A minimum lease term of 3 years is required. The space, totaling 3820 square feet on a lot of 0.06 acres, is in excellent, turnkey condition. This is an ideal opportunity for restaurateurs looking for a well-located, fully outfitted space with minimal set up required. The property is zoned 05 and is located in Geneseo, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Geneseo
    County
    Livingston
    State
    New York
    Longitude
    -77.816263
    Latitude
    42.796777

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    FAQs

    What type of property is this?
    Turn key restaurant - Move-in ready restaurant space with fully equipped kitchen and furnishings.
    Where is this turn key restaurant located?
    The property is located at 53 Main St Geneseo, NY.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey restaurant space: **Fully equipped kitchen, dining area, and bar setup included in lease.**; - Prime Main Street location: High visibility and foot traffic in the heart of the village.; - Recently renovated storefront: Modern and appealing space in excellent condition.
    (585) 243-2643
    Request Owner's contact information
    53 Main St Geneseo, NY 14454
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    53 Main St Geneseo, NY 14454
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    We can help!
    Listing Contact
    Alan S. Cole
    Real Estate License ID: 40CO0800613
    (585) 243-2643
    Learn more
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