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    40 Genesee St Auburn, NY 13021

    For Sale
    $385,000

    Elegant building, prime location, income potential.

    Property size:
    4,882 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This stunning 4,882 square foot mixed-use property at 40 E Genesee St in Auburn, NY, presents a rare opportunity. Situated on a 0.25-acre lot, this double-bricked building boasts timeless architectural details including a grand winding staircase, exquisite stained-glass windows, four fireplaces, and high ceilings adorned with intricate crown molding. Hardwood floors, featuring delicate parquet inlays, and beautiful woodwork are found throughout. The main level offers four large, impressive rooms ideal for a storefront or various business ventures. Adding to the property's versatility, a dance studio with a dedicated waiting area is located at the rear. A significant source of passive income is generated by a two-bedroom apartment on the upper level, complete with a newly constructed deck. This exceptional property offers a blend of commercial and residential space, making it an ideal investment for discerning buyers seeking a unique and profitable venture. The asking price is $385,000. Lease options are also available. This property is listed under MLS S1564022.

    Property Features for 40 Genesee St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,882 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1870
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dance Plus Dance Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Cayuga
    State
    New York
    Longitude
    -76.56022
    Latitude
    42.93297

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    FAQs

    What type of property is this?
    Mixed-use property - Elegant building, prime location, income potential.
    Where is this mixed-use property located?
    The property is located at 40 Genesee St Auburn, NY.
    What is the asking price?
    The asking price for this property is $385,000.
    (315) 685-7000
    Request Owner's contact information
    40 Genesee St Auburn, NY 13021
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    Auburn, NY 13021
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    Realmo Value Estimation

    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.

    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.

    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
    40 Genesee St Auburn, NY 13021
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