Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    24 Linden St Geneva, NY 14456
    Back to Search
    Property profile & analytics

    24 Linden St Geneva, NY 14456

    View on Map
    • Commercial real estate
    • 2,130 SF
    • 0.04 lot acres
    For Sale
    $549,900
    View Listing →
    Historic Geneva Bank Building For Sale
    $549,900
    2,130 SF

    Historic Geneva Bank Building

    Beaux Arts gem, prime location, endless potential.

    24 Linden St, Geneva, NY 14456
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Left Bank / Hotel & Motel / Resort
    • Farmers and Merchants Bank (Geneva, New York) / Bank / Loan Service

    Property Details for 24 Linden St

    Year built
    1870
    Lot size
    0.04 lot acres
    Property size
    2,130 SF
    Property type
    Commercial real estate

    Description

    This stunning 2,130 square foot building, located at 24 Linden Street in Geneva, NY, presents a rare investment opportunity. Originally the Farmers and Merchants Bank, this architectural masterpiece exemplifies early 20th-century Beaux Arts Classicism. Meticulously restored to meet US Green Building Council guidelines, it boasts a prestigious listing on both the State and National Registers of Historic Places. The building's elegant design and prime location on Linden Street, within Geneva's desirable commercial district, offer exceptional visibility and accessibility. Interior features include radiant floor heating, air conditioning, and a large skylight that bathes the main level in natural light. A mezzanine level, offering sweeping views of the main floor, and a partially vegetated rooftop provide additional versatile space. Professional plans indicate a total area of 2,130 square feet. The open floor plan lends itself to a variety of commercial uses, including an event venue, restaurant, tea house, wine tasting room, art gallery, retail store, or professional offices. The mezzanine, formerly the bank's boardroom, and the rooftop offer further possibilities for creative repurposing. This unique property offers a remarkable chance to capitalize on the thriving Finger Lakes region, renowned for its picturesque scenery, award-winning culinary scene, and abundant outdoor recreational activities. The 0.04-acre lot provides ample space for outdoor seating or other enhancements. This is a truly exceptional property with significant potential for a discerning buyer.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Ontario
    State
    New York
    Longitude
    -76.9835
    Latitude
    42.8675

    Comparable in this City

    • Value Estimation by Request
      2,752 SF

      33-35 Tillman St

      COMMERCIAL (GENERAL) • 2,752 SF
      33-35 Tillman St, Geneva, NY 14456
      View Details
    • Value Estimation by Request
      11,440 SF

      405 Exchange St

      SHOW ROOM, WAREHOUSE • 11,440 SF
      405 Exchange St, Geneva, NY 14456-2424
      View Details
    • Value Estimation by Request
      5,264 SF

      133 Genesee St

      SHOW ROOM, WAREHOUSE • 5,264 SF
      133 Genesee St, Geneva, NY 14456-1150
      View Details
    • Value Estimation by Request
      180,000 SF

      291-389 Hamilton St

      Lifestyle centers • 180,000 SF
      291-389 Hamilton St, Geneva, NY 14456
      View Details
    • Value Estimation by Request
      8,154 SF

      293 North St

      Land • 8,154 SF
      293 North St, Geneva, NY 14456
      View Details
    • Value Estimation by Request
      2.00 Acres

      6 Co Rd

      Land • 2.00 Acres
      6 Co Rd, Geneva, NY 14456
      View Details

    Similar Nearby for Sale

    • $225,000
      1,600 SF

      Geneva Commercial Building - High Traffic Area

      Established Auto Repair Shop, Great Location!
      2705 State Route 14, Geneva, NY 14456
      View Details
    • $299,500
      1.10 Acres

      Geneva Commercial Development Site

      High-traffic location, 1.1 acres. Prime retail opportunity.
      463 Hamilton St, Geneva, NY 14456
      View Details
    • $549,900
      2,130 SF

      Historic Geneva Bank Building

      Beaux Arts gem, prime location, endless potential.
      24 Linden St, Geneva, NY 14456
      View Details
    • $799,999
      4,554 SF

      Historic Macberns House Investment Opportunity

      Historic Geneva property with income potential and Seneca Lake views.
      379 S Main St, Geneva, NY 14456
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Geneva

      Retail space in vibrant Geneva, near shops and Seneca Lake.
      1 Exchange St, Geneva, NY 14456
      View Details
    • $1,500 /Mo
      1,500 SF

      Sunlit Second-Floor Office Space

      Professional office space in Geneva with abundant natural light.
      68 Castle St, Geneva, NY 14456
      View Details
    • $2,950 /Mo

      Classic Brick Building Office Space

      1500 SF space suitable for various commercial and professional uses.
      140 Washington St, Geneva, NY 14456
      View Details
    • Contact for pricing

      Retail Space in Geneva, NY

      Retail space surrounded by a vibrant retail and culinary scene.
      1 Exchange St, Geneva, NY 14456
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease on Hamilton Street.
      291-389 Hamilton St, Geneva, NY 14456
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24 Linden St
    Geneva, NY 14456
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    24 Linden St, Geneva, NY, 14456
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!