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    Property profile & analytics
    OFF-MARKET Estimated value $655,000
    Manufacturing properties

    112 Riverside Dr, Geneseo, NY 14454-1010

    45,415 SF 1.14 ac lot Built 1950
    Entity Owned 13-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-3076443
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1950
    Total area 45,415 SF
    Lot 1.14 ac (49,658 SF)
    Zoning code 03 - MULTI-FAMILY
    APN 242601 80.7-1-4
    UPID US63-3076443
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Geneseo Self Storage Storage Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $595k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $717k
    Blend (final) Blend
    $655k
    Owner & transaction history
    G & D Enterprises Ny LLC · 13 yrs held
    G & D Enterprises Ny LLC
    since 2013
    1 recorded transaction
    2013
    Zoning & alternative use
    03 - MULTI-FAMILY · Geneseo, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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