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Versatile Commercial Property with Incentives
For Sale
$425,000

3 Geddes St, Holley, NY 14470

Prime commercial property suitable for grocery, retail, warehouse, or office.

Property Size21,075 SF
Lot Size1.50 Acres
Price / SF$17.43
Days on Market186

Property Features for 3 Geddes St

General Information

Standard status Active
Size 21,075 SF
Lot size 1.50 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $16,758

Building Details

Building Size 21,075 SF
Year Built 1979
Stories 2
Listing Agency: RE/MAX Realty Group
Listed By: Nadia H Cheema · License #10401311505
Source: Elliman
Added: Mar 10 Changed: Sep 10 Last Checked: Sep 10 at 10:38AM

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 RE/MAX Realty Group

Investment Insights

Based on property information with market context.

This commercial property presents a significant opportunity for various business ventures. The property, formerly a grocery store, includes 24,379 square feet of market space, office space, and a pharmacy with existing lease income. The existing infrastructure, including coolers, freezers, and meat preparation areas, could facilitate the establishment of a new grocery store. The location in a college town, near businesses and universities, offers high foot traffic, connectivity, and visibility, which is advantageous for deliveries. The area is considered a food desert, and potential buyers may be eligible for low-cost loans and grants for constructing a grocery store. The village trustees are supportive of establishing a new grocery store in the town. Alternatively, the property features extensive warehouse space suitable for storage or manufacturing, complete with a loading dock, drive-in doors, and office spaces. Its location near the highway enhances its appeal for warehousing. The property offers open space, providing flexibility for various business uses. Tax incentives are available.

Key Highlights

  • Located in a designated food desert with high demand for a grocery store.
  • Eligible for low‑cost loans and grants for grocery store construction.
  • Existing infrastructure includes coolers, freezers, and meat prep areas.

Property Analytics

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Current Use

Holley Pharmacy Pharmacy John M. Carl, ... Pharmacy Lucas J. Miller, ... Pharmacy

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Dental Office Auto Parts Store Spa & Massage Center

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

126
Businesses Nearby
Balanced
Demand for This Use

Demographics for 14470, NY

7,648
Population
3,436
Households
2.2
Avg Household Size
45
Median Age
20%
College-Educated
92%
High-School Grad
65.1 sq mi
ZIP Area
117
Density / Sq Mi
$63,201
Median Household Income
$45,538
Median Earnings
$775
Median Rent
$139,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Prime commercial property suitable for grocery, retail, warehouse, or office.
Where is this grocery and convenience store located?
The property is located at 3 Geddes St Holley, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Located in a designated food desert with high demand for a grocery store.; Eligible for low‑cost loans and grants for grocery store construction.; Existing infrastructure **includes coolers, freezers, and meat prep areas.**
More about this property
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