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    248 Exchange St Geneva, NY 14456

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    For Sale
    $579,000

    39,986 sq. ft. property in downtown Geneva.

    Property size:
    39,986 SF
    Lot size:
    0.75 Acres

    Property Features for 248 Exchange St

    General Information

    Size
    39,986 SF
    Lot size
    0.75 Acres

    Source: Century 21 - Steve Davoli Real Estate | Geneva Agent Kenneth Harris

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Geneva Development Opportunity

    Located in the heart of Geneva, this 39,986 sq. ft. property presents a development opportunity. Currently operating as a furniture store, the property offers potential for redevelopment into luxury apartments, retail space, office suites, or a mixed-use project. Situated in a high-traffic area in downtown Geneva, the property is surrounded by shopping, dining, and entertainment options. The parcel is contiguous with a 2-acre city-owned property, and the city is open to proposals for development. The property's flexible space allows for creative development, and its versatile zoning supports multi-use development, including retail, office space, or residential units. The expansive upper floors are suitable for apartments or lofts, offering city views. This property is suitable for developers and investors looking to maximize returns. The owner will consider a lease back or sale with the business.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    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
    Geneva
    County
    Ontario
    State
    New York
    Longitude
    -76.9801887
    Latitude
    42.8714839

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    FAQs

    What type of property is this?
    Storefront property - 39,986 sq. ft. property in downtown Geneva.
    Where is this storefront property located?
    The property is located at 248 Exchange St Geneva, NY.
    What is the asking price?
    The asking price for this property is $579,000.
    What are key features of this property?
    This property features: - Prime location in downtown Geneva with high traffic, surrounded by shopping, dining, and entertainment.; - 39,986 sq. ft. of flexible space suitable for various redevelopment projects.; - Versatile zoning allows for multi-use development (retail, office, residential).
    (315) 945-0929
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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
    248 Exchange St Geneva, NY 14456
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