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    297-301 North St Geneva, NY 14456

    Sponsored
    For Sale
    $399,900

    Established Deli, Residential Units, High Potential

    Property size:
    3,616 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional Geneva, NY property presents a unique investment opportunity. Priced at $399,900, it encompasses a thriving deli, continuously operated since 1982, complete with equipment and ample basement storage. The commercial storefront, totaling 3,616 square feet, offers significant potential for continued operation as a deli and small grocery or for a new business venture. In addition to the commercial space, the property includes a three-bedroom, one-bathroom single-family home with a detached garage. A separate duplex provides two one-bedroom, one-bathroom rental units, each with updated features. The three-bedroom home features a renovated kitchen, formal dining area, spacious living room, and three bedrooms. The duplex units boast updated flooring (downstairs unit), eat-in kitchens, living rooms, and bedrooms with ample closet space. The upstairs unit also includes a second bedroom or office. This mixed-use property offers a strong established location with immediate rental income potential, making it an attractive investment in the vibrant city of Geneva. Located at 297-301 East North Street, Geneva, NY 14456.

    Property Features for 297-301 North St

    General Information

    Property type
    Land
    Square Feet
    3,616 SF

    HighLights

    • $399,900 asking price.
    • 3,616 square foot lot.
    • Special purpose commercial land in Geneva, NY.
    • Includes a commercial storefront, a 3‑bedroom single‑family home with detached garage, and a 2‑unit duplex.
    • Established deli business included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Ontario
    State
    New York
    Longitude
    -76.9646665
    Latitude
    42.8784313

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    FAQs

    What type of property is this?
    Land - Established Deli, Residential Units, High Potential
    Where is this land located?
    The property is located at 297-301 North St Geneva, NY.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: $399,900 asking price.; 3,616 square foot lot.; Special purpose commercial land in Geneva, NY.
    Request Owner's contact information
    297-301 North St Geneva, NY 14456
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    297-301 North St Geneva, NY 14456
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