Contiguous Mixed-Use Property
For Sale
$899,900
28 Main St, Geneseo, NY 14454
Three contiguous properties combine commercial storefronts, furnished apartments, and leased commercial space.
Property Size6,595 SF
Price / SF$136.45
Days on Market8
Property Features for 28 Main St
General Information
Standard status
Active
Size
6,595 SF
Units
Unit Mix
1 x 1BR, 1 x 2BR, 1 x 3BR, 1 x 4BR
Multifamily Units
4
Additional Details
Furnished
Yes
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
AB Cole Real Estate, Inc.
(585) 243-2643
Listed By:
Patricia A. Cole · License #10311208149
(585) 243-2643
Source:
Exprealty
Added: Jul 24
Changed: Jul 31
Last Checked: Jul 31 at 11:54AM
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 AB Cole Real Estate, Inc.
Investment Insights
Based on property information with market context.
This three-property mixed-use package includes 28 Main Street, 6 University Avenue, and 10 University Avenue. The properties are contiguous and combine residential and commercial components across the offering.
28 Main Street features two commercial storefronts and four fully furnished apartments operated as college rentals. The residential mix includes one 1-bedroom, one 2-bedroom, one 3-bedroom, and one 4-bedroom apartment, with furniture and appliances included. One storefront is occupied by a beauty salon, while the rear commercial space is leased to Monroe Title. The building has been well maintained with some updates and is in good overall condition.
10 University Avenue is a commercial building constructed in 2000 and currently leased. 6 University Avenue includes a vacant building being sold AS IS. The package includes a 0.82-acre lot at 10 University Avenue and a 43' x 136' lot at 6 University Avenue.
28 Main Street features two commercial storefronts and four fully furnished apartments operated as college rentals. The residential mix includes one 1-bedroom, one 2-bedroom, one 3-bedroom, and one 4-bedroom apartment, with furniture and appliances included. One storefront is occupied by a beauty salon, while the rear commercial space is leased to Monroe Title. The building has been well maintained with some updates and is in good overall condition.
10 University Avenue is a commercial building constructed in 2000 and currently leased. 6 University Avenue includes a vacant building being sold AS IS. The package includes a 0.82-acre lot at 10 University Avenue and a 43' x 136' lot at 6 University Avenue.
Key Highlights
- Three contiguous properties: 28 Main Street, 6 University Avenue, and 10 University Avenue
- 28 Main Street includes two commercial storefronts and four fully furnished apartments
- Apartment mix includes one 1‑bedroom, one 2‑bedroom, one 3‑bedroom, and one 4‑bedroom unit
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.5k | $21.60 |
| − Vacancy | −$14.2k | −$2.16 |
| EGI | $128.2k | $19.44 |
| − OpEx | −$48.1k | −$7.29 |
| NOI | $80.1k | $12.15 |
6,595 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,446 @ 7.0% cap · market cap 9.94%
Second Best
Mixed Use
$1.14M
$1.00M – $1.34M
NOI $80,129 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,466 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 14454, NY
10,759
Population
3,937
Households
2.7
Avg Household Size
28
Median Age
50%
College-Educated
95%
High-School Grad
47.6 sq mi
ZIP Area
226
Density / Sq Mi
$66,629
Median Household Income
$12,055
Median Earnings
$1,000
Median Rent
$217,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three contiguous properties combine commercial storefronts, furnished apartments, and leased commercial space.
Where is this mixed-use property located?
The property is located at 28 Main St Geneseo, NY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Three contiguous properties: 28 Main Street, 6 University Avenue, and 10 University Avenue; 28 Main Street includes two commercial storefronts and four fully furnished apartments; Apartment mix includes one 1‑bedroom, one 2‑bedroom, one 3‑bedroom, and one 4‑bedroom unit
