Corner Restaurant
For Sale
Contact for pricing
3610 County Road 6, Geneva, NY 14456
TC-2-zoned restaurant property with a signalized corner setting, dedicated parking, and adjacency to a commercial plaza.
Property Size5,966 SF
Price / SF$289.14
Days on Market17
Property Features for 3610 County Road 6
General Information
Standard status
Active
Size
5,966 SF
Class
B
Total Parking Spaces
44
Property subtype
Retail, Office, Special Purpose
Zoning
TC-2
Lease Type
Modified Gross
Investment Type
Owner/User
Additional Details
Traffic Count
20,000 vehicles/day
Building Details
Year Built
1839
Year Renovated
1980
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Yaman Commercial
Listed By:
Mercedes Brien · License #40BR0888332
Source:
Crexi
Added: Aug 18
Changed: Sep 1
Last Checked: Sep 1 at 10:13PM
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 Yaman Commercial
Investment Insights
Based on property information with market context.
This 5,966-square-foot restaurant property occupies a corner at a traffic signal and was formerly operated as Cobblestone Restaurant. The site includes 44 on-site parking spaces that were recently paved and striped, along with off-street parking and an available inventory list. Zoning is TC-2, and the building dates to 1839.
The property is located at 3610 County Road 6 in Geneva, New York, with reported traffic of 20,000 ADT. An adjacent plaza adds commercial context, while Seneca Lake attractions, Hobart and William Smith Colleges, and Geneva General Hospital are located minutes away. The hospital is affiliated with the University of Rochester Medical Center.
The property is located at 3610 County Road 6 in Geneva, New York, with reported traffic of 20,000 ADT. An adjacent plaza adds commercial context, while Seneca Lake attractions, Hobart and William Smith Colleges, and Geneva General Hospital are located minutes away. The hospital is affiliated with the University of Rochester Medical Center.
Key Highlights
- 5,966‑square‑foot former restaurant property at a signalized corner
- 44 on‑site parking spaces recently paved and striped
- TC‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,136
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,882,720
$1.9M
Cap Rate 7%
$1,344,800
$1.3M
Cap Rate 9%
$1,045,956
$1.0M
Market Conditions
NOI Build-Up for 5,966 SF
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.
Gross rent
$128.9K $21.60/SF
− Vacancy
−$3.4K −$0.56/SF
EGI
$125.5K $21.04/SF
− OpEx
−$31.4K −$5.26/SF
NOI
$94.1K $15.78/SF
Area
Ontario County, NY
Vacancy
2.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,882,720
Cap Rate 7%
$1,344,800
Cap Rate 9%
$1,045,956
Alternative Uses
Best Use
Specialty Retail
$1.34M
$1.18M – $1.57M
NOI $94,136 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $125,000 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
90k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 41%
Home Improvements & Furnishings 13%
Hotels & Casinos 5%
Speedway
Shops & Services
19,684 visits/mo
0.1 miles
Dunkin' Donuts
Dining
15,277 visits/mo
0.4 miles
Wendy's
Dining
13,450 visits/mo
0.4 miles
Tractor Supply Co.
Home Improvements & Furnishings
10,024 visits/mo
0.1 miles
Splash Car Wash Express
Shops & Services
8,575 visits/mo
0.0 miles
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 Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Ling Ling Chinese Buffet — 481 Hamilton St, Geneva, NY 14456
Frequently Asked Questions
What type of property is this?
Conventional restaurant - TC-2-zoned restaurant property with a signalized corner setting, dedicated parking, and adjacency to a commercial plaza.
Where is this conventional restaurant located?
The property is located at 3610 County Road 6 Geneva, NY.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 5,966‑square‑foot former restaurant property at a signalized corner; 44 on‑site parking spaces recently paved and striped; TC‑2 zoning
