520 Main StGeneva, NY 14456

Property Details for 520 Main St

Year built

1806

Lot size

2.50 AC

Property size (Sq ft)

31,150 SF

Property type

Other commercial real estate

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents the chance to acquire a prime 2.5-acre property in Geneva, New York's Historic District. The property, located at 520 S Main St, includes two buildings totaling 31,150 square feet, encompassing the historic Trinity Church. The asking price is $1,650,000, translating to $52.97 per square foot. Built in 1806, the three-story structures are zoned MR-HD and offer a unique blend of historical charm and modern development potential. Detailed plans are included for the transformation into a premier boutique hotel, featuring a luxury hotel, event space, restaurant, bar/reception area, business center, meeting rooms, and a fitness center. The project has already secured approval for both Part 1 and Part 2 historic tax credits, as well as a tax pilot program, significantly enhancing the investment's financial viability. Ideally situated within walking distance of downtown Geneva and Hobart and William Smith Colleges, the property also boasts stunning Seneca Lake views. This turnkey project offers a rare opportunity to restore a beloved landmark while creating a thriving destination.

Location Insight

City

Geneva

County

Ontario

State

New York

Latitude

42.8628

Longitude

-76.9836

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