Listing Agency: Howard Hanna Lake Group Show Phone

Listed By: Carol A. Genecco · License #10301219482 Show Phone

Source: Nicholcityrealty

Added: Apr 11 Changed: Oct 18 Last Checked: Oct 20 at 8:28PM

Report an Issue

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 Howard Hanna Lake Group

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This former bank building was owned by 5-Star Bank and presents a recognizable commercial footprint for a new owner or tenant. The property is positioned on a highly visible corner and is described as centrally located downtown Geneva.

The site’s configuration and street-facing presence are presented as well-suited for a range of concepts, including retail, a micro brewery, a restaurant, or a banking use. Interested parties should review the existing building layout and suitability for their specific operating requirements.

Overall, the asset combines a former financial-use building with prominent downtown corner visibility, making it a straightforward redevelopment or repurpose option for qualified users.

Key Highlights

• Former bank building owned by 5‑Star Bank
• Centrally located in downtown Geneva
• Highly visible corner location

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$97,434

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,948,680 $1.9M

Cap Rate 7%

$1,391,914 $1.4M

Cap Rate 9%

$1,082,600 $1.1M

What to ask about pricing

Market Conditions

NOI Build-Up for 15,856 SF

Gross rent

$150.3K $9.48/SF

− Vacancy

−$11.1K −$0.70/SF

EGI

$139.2K $8.78/SF

− OpEx

−$41.8K −$2.63/SF

NOI

$97.4K $6.14/SF

Area

Ontario County, NY

Vacancy

7.40%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,948,680

Cap Rate 7%

$1,391,914

Cap Rate 9%

$1,082,600

Alternative Uses

Best Use

Specialty Retail

$3.57M

$3.13M – $4.17M (±1% cap)

NOI $250,189 @ 7.0% cap · market cap 2,366.97%

Second Best

Retail

$2.93M

$2.56M – $3.42M (±1% cap)

NOI $204,969 @ 7.0% cap · market cap 1,939.16%

Theoretical Best

Office A

$4.75M

$4.15M – $5.54M (±1% cap)

NOI $332,215 @ 7.0% cap · market cap 3,143.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Banks

Suggested Use

Top Pick Plumbing Service Garden Center Auto Parts Store Locksmith Parking Lot & Garage (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

725

Businesses Nearby

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

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Similar For Sale Nearby

See more

Two-Storefront Downtown Property

50 Seneca St, Geneva, NY 14456

$850,000

17,248 SF

View details

Freestanding Retail Storefront

346 Exchange Street, Geneva, NY 14456

$800,000

7,030 SF

View details

Flex Property With Two Buildings

2200 State Route 14, Geneva, NY 14456

Contact for pricing

5,800 SF

View details

Retail Suite at Shoppes at the Station

143 Wadsworth Street, 4, Geneva, NY 14456

Contact for pricing

1,050 SF

View details

Light Manufacturing Building with Loading Docks

4775 State Route 14a, Geneva, NY 14456

$479,000

19,096 SF

View details

Freestanding Retail Building with Drive-Thru

420 Hamilton St, Geneva, NY

Contact for pricing

14,873 SF

View details

Office Property for Sale

24 Seneca Street, Geneva, NY 14456

$300,000

View details

Mixed-Use Restaurant and Apartments

99 N Genesee Street, Geneva, NY 14456

$650,000

8,024 SF

View details

Specialty Property with Private Office

86 E North Street, Geneva, NY 14456

Contact for pricing

5,794 SF

View details

Character Office Building

91 Genesee St, Geneva, NY 14456

$325,000

6,758 SF

View details

Multi-Use Office and Retail Space

636 West Washington Street, Geneva, NY 14456

$387,000

View details

Mixed-Use Building with Apartment

111 Pulteney Street, Geneva, NY 14456

$129,000

3,312 SF

View details

Frequently Asked Questions

What type of property is this?

Bank - Centrally located former bank building on a highly visible downtown corner, offering flexible space for multiple uses.

Where is this bank located?

The property is located at 2 Seneca Street Geneva, NY.

What are key features of this property?

This property features: Former bank building owned by 5‑Star Bank; Centrally located in downtown Geneva; Highly visible corner location