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    2 Seneca St Geneva, NY 14456

    Sponsored
    For Sale
    $800,000

    15,856 SF Executive Office Space

    Property size:
    15,856 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, located at 2 Seneca St in downtown Geneva, NY, presents a unique investment opportunity. The property, formerly occupied by Five Star Bank, boasts 15,856 square feet of vacant space spread across two stories in a single building. Built in 1970 and renovated in 1990, the building sits on a 0.3-acre lot and offers high visibility at a prime corner location. The asking price is $800,000, translating to $50.45 per square foot. Its central location in Geneva's vibrant downtown area makes it ideal for a variety of professional office uses, benefiting from high foot traffic and excellent visibility. The property's spacious layout and previous use as a bank branch suggest suitability for a range of businesses seeking a prestigious address. The building's solid construction and recent renovations ensure a move-in ready condition, minimizing upfront capital expenditures. This is a rare opportunity to acquire a substantial, well-maintained office building in a desirable location. The vacant status allows for immediate occupancy and customization to suit the buyer's specific needs. The property's size and location make it an attractive investment for both owner-occupiers and investors seeking a strong return on investment in the thriving Geneva market. The 14456 zip code offers easy access to local amenities and transportation networks.

    Property Features for 2 Seneca St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,856 SF
    Class
    A
    Lot Size
    13,068 SF

    Building Details

    Year Built/Renovated
    1970/1990
    Buildings
    1
    Stories
    2

    HighLights

    • $800,000 asking price for a vacant Class A office building.
    • 15,856 square feet, priced at $50.45 per square foot.
    • Located at 2 Seneca St, Geneva, NY 14456, a prime downtown corner lot.
    • Two‑story building, totaling 15,856 square feet on a 0.3‑acre lot, built in 1970 and renovated in 1990.
    • Formerly a Five Star Bank branch, suitable for various professional office uses.
    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
    -76.9822627
    Latitude
    42.8669587

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    FAQs

    What type of property is this?
    Office Property / Space - 15,856 SF Executive Office Space
    Where is this office property / space located?
    The property is located at 2 Seneca St Geneva, NY.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: $800,000 asking price for a vacant Class A office building.; 15,856 square feet, priced at $50.45 per square foot.; Located at 2 Seneca St, Geneva, NY 14456, a prime downtown corner lot.
    Request Owner's contact information
    2 Seneca 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
    2 Seneca St Geneva, NY 14456
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