Brick Medical Office
For Sale
Contact for pricing
140 Washington Street, Geneva, NY 14456
Bright professional space with generous windows and a flexible layout for approved commercial uses.
Property Size1,500 SF
Price / SF$1.97
Days on Market61
Property Features for 140 Washington Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
CommercialLease
Building Details
Construction
brick
Listing Agency:
Coldwell Banker Finger Lakes
(315) 789-6768
Listed By:
Kyle Olschewske · License #10401321140
(315) 719-7623
Source:
Nicholcityrealty
Added: Aug 17
Changed: Oct 6
Last Checked: Oct 16 at 8:53AM
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 Coldwell Banker Finger Lakes
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Investment Insights
Based on property information with market context.
Located at 140 Washington Street in Geneva City, this approximately 1,500-square-foot medical office space occupies a classic brick building with substantial window area and strong natural daylight. The interior offers a polished professional setting that can be reconfigured for medical, wellness, office, creative, or service-oriented operations, subject to applicable use and zoning approvals.
The space was previously used as a dental office, providing a relevant foundation for medical or professional occupancy. Its brick construction adds architectural character, while the open, well-lit environment supports a range of workspace concepts, including boutique retail or studio uses where permitted.
The space was previously used as a dental office, providing a relevant foundation for medical or professional occupancy. Its brick construction adds architectural character, while the open, well-lit environment supports a range of workspace concepts, including boutique retail or studio uses where permitted.
Key Highlights
- Approximately 1,500 square feet of medical office space
- Classic brick building with substantial natural light
- Large windows create a bright interior environment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,742
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,840
$414.8K
Cap Rate 7%
$296,314
$296.3K
Cap Rate 9%
$230,467
$230.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.6K $26.40/SF
− Vacancy
−$5.0K −$3.35/SF
EGI
$34.6K $23.05/SF
− OpEx
−$13.8K −$9.22/SF
NOI
$20.7K $13.83/SF
Area
Ontario County, NY
Vacancy
12.70%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,840
Cap Rate 7%
$296,314
Cap Rate 9%
$230,467
Alternative Uses
Best Use
Office B
$343.0K
$300.1K – $400.1K
NOI $24,008 @ 7.0% cap · market cap 813.83%
Second Best
Healthcare Medical
$296.3K
$259.3K – $345.7K
NOI $20,742 @ 7.0% cap · market cap 703.12%
Theoretical Best
Office A
$449.0K
$392.9K – $523.8K
NOI $31,428 @ 7.0% cap · market cap 1,065.36%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14456, NY
19,602
Population
9,087
Households
2.2
Avg Household Size
38
Median Age
34%
College-Educated
90%
High-School Grad
77.3 sq mi
ZIP Area
254
Density / Sq Mi
$74,691
Median Household Income
$38,782
Median Earnings
$967
Median Rent
$166,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Bright professional space with generous windows and a flexible layout for approved commercial uses.
Where is this medical office space located?
The property is located at 140 Washington Street Geneva, NY.
What are key features of this property?
This property features: Approximately 1,500 square feet of medical office space; Classic brick building with substantial natural light; Large windows create a bright interior environment
