112 Riverside DrGeneseo, NY 14454

  • Industrial properties
  • 45,415 SF
For Sale
$975,000 View listing

Property Details for 112 Riverside Dr

Year built
1950
Lot size
1.14 AC
Property size (Sq ft)
45,415 SF
Zone code
03 - MULTI-FAMILY
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
242601 80.7-1-4
APU
24260180714

Description

This expansive Geneseo, NY industrial property presents a remarkable investment opportunity. Boasting over 45,415 square feet of versatile space across two levels, this property sits on a 1.14-acre lot and includes three tax parcels with transferable special use permits. The building features three drive-up entrances, providing convenient access for various uses. The interior includes a 1,000 lb cargo lift, a 10-foot maximum overhead clearance, and a current largest garage door opening of 8 feet high by 10 feet wide. The property is equipped with 120/240V, 3-phase power, and a 440-volt converter, with lines running throughout. A recently inspected wet system is ready for customization, and built-in compressed air capabilities (copper piping) eliminate the need for a compressor. The property also includes a currently rented third-floor garage. Ample parking is available. The zoning allows for Light Industrial uses, making it ideal for warehouse, office, or industrial space businesses. Four pay-per-use electric car charging stations are currently being installed, adding significant future value. This property offers endless possibilities for a savvy investor seeking a high-return asset in a desirable location adjacent to a SUNY campus. The existing infrastructure and versatile layout make it suitable for a wide range of commercial applications.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,904,424
    Hospitality
    $8,156,405
    Educational
    $6,786,033
    Medical
    $7,019,415
    Retail
    $10,556,051
112 Riverside Dr, Geneseo, New York
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Location Insight

City
Geneseo
County
Livingston
State
New York
Latitude
42.8036
Longitude
-77.8241
CBSA code
40380
CBSA name
ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$12,181
$89,500
$279,500
$369,000
-
$91,319
$285,181
$376,500

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