Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    346 Exchange St Geneva, NY 14456

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $800,000

    Vacant retail building in Geneva's rebuilt Central Business District.

    Property size:
    3,515 SF
    Lot size:
    0.39 Acres
    Added:
    May 6, 2025
    Days on Market:
    358
    Last Refresh:
    Apr 5 at 8:12 pm

    Property Features for 346 Exchange St

    General Information

    Standard status
    Active
    Size
    3,515 SF
    Lot size
    0.39 Acres

    We can help!

    Listing Contact
    Brian P Donovan
    Brian P Donovan

    Listing agent Brian P Donovan License ##10491202934

    Listing office Donovan Real Estate Services

    Listing date May 6, 2025

    Source Exprealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of Donovan Real Estate Services

    Overview

    Freestanding Retail Building in Geneva

    This vacant freestanding building features a pylon sign and is built out as a standard retail space. It can be subdivided down to a 3,515 square foot space. Situated at a signalized intersection, the property is located in Geneva's rebuilt Central Business District, which includes new sidewalks. It is located across from the Hampton Inn and Seneca Lake. The Central Business District benefited from a $10 million Downtown Revitalization Project from New York State, which improved roadways, parking, biking infrastructure, access to the waterfront, and infill development sites. Geneva has emerged as a major employment center in the Finger Lakes region, with over 200 firms and nearly 1,500 jobs in the central business district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Dollar Discount Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Ontario
    State
    New York
    Longitude
    -76.9813
    Latitude
    42.8698

    Nearby Similar for Lease

    • $2,950/Mo

      Classic Brick Building Retail/Office Space

      1,500 SF commercial space suitable for various businesses.
      140 Washington Street, Geneva, NY 14456
      View Details
    • $1,250/Mo

      Prime Geneva Office Space Available

      Bright office with street-level visibility in a desirable location.
      1 Franklin Square, Geneva, NY 14456
      View Details
    • $1,500/Mo

      Sunlit Second-Floor Office Space

      Professional office space in Geneva with abundant natural light.
      68 Castle Street, Geneva, NY 14456
      View Details
    • $5,000/Mo

      Waterfront Tasting Room with Vineyard

      Premier 6,000 SF waterfront-adjacent tasting room with lake and vineyard views.
      4200 State Route 14, Geneva, NY 14456
      View Details
    • $1,200/Mo

      Downtown Geneva Commercial Rental Space

      Office/retail space in downtown Geneva with parking and updates.
      146 Castle Street, Geneva, NY 14456
      View Details
    • Contact for pricing

      Geneva Shopping Center Retail Space

      Retail spaces available in Geneva Shopping Center, ranging from 4,216-19,663 SF.
      291-389 Hamilton Street, Geneva, NY 14456
      View Details
    • $375,000 SF/Yr

      Restaurant and Bar Near Seneca

      Restaurant-bar with 50 taps, indoor/outdoor bars, and rental apartments.
      293 Main St, Geneva, NY, 14456-2603
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease on Hamilton Street.
      291-389 Hamilton Street, Geneva, NY 14456
      View Details
    • Contact for pricing

      Geneva Retail Space For Lease

      Retail spaces available in Geneva Shopping Center, sizes vary.
      309-389 Hamilton St, Geneva, NY
      View Details
    • Contact for pricing

      Retail Space in Geneva, NY

      Retail space surrounded by a vibrant retail and culinary scene.
      1 Exchange St, Geneva, NY 14456
      View Details
    • Contact for pricing

      Retail Space in Geneva

      Retail space in vibrant Geneva, near shops and Seneca Lake.
      1 Exchange St, Geneva, NY 14456
      View Details

    FAQs

    What type of property is this?
    Retail space - Vacant retail building in Geneva's rebuilt Central Business District.
    Where is this retail space located?
    The property is located at 346 Exchange St Geneva, NY.
    What is the lease rate?
    The lease rate is $800,000.
    What are key features of this property?
    This property features: Located in Geneva's rebuilt Central Business District, recipient of a $10 million Downtown Revitalization Project.; Freestanding building at a signalized intersection.; **High‑visibility pylon sign included.**
    (716) 998-2943
    We can help!
    Listing Contact
    Brian P Donovan
    Brian P Donovan
    Real Estate License ID: #10491202934
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!