Property profile

179 Genesee St Auburn, NY 13021

FOR SALE
Investment properties
Property ID
US63-0332243
3,050 SF 0.27 ac lot Built 1940
Individually Owned 23-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,575 square foot office building presents a remarkable investment opportunity in the vibrant city of Auburn, NY. Situated on a 0.27-acre lot on one of Auburn's busiest thoroughfares, this property boasts unparalleled visibility and high traffic counts, ensuring maximum exposure for your business. The building's history as a thriving dental practice speaks to its suitability for a variety of professional uses. Currently, the property generates rental income from a three-bedroom apartment on the upper floor and a one-bedroom apartment on the lower floor, although the lower apartment requires some updating. Significant improvements have already been made, including a new roof and new siding, minimizing immediate maintenance needs. The building's substantial size offers ample space for a growing business or the potential to expand existing operations. The high-traffic location and existing rental income combine to create a compelling investment prospect with strong potential for return. The asking price is $214,900. Please note, per owner request, there is no signage permitted on the property. Serious inquiries only.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Total area 3,050 SF
Lot 0.27 ac (11,583 SF)
Zoning code D
APN 050100 115.60-1-26
UPID US63-0332243

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office

Location

179 Genesee St Auburn, NY 13021
Auburn metro Census 42100 AUBURN, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

Zoning & alternative use

D · Auburn, NY
Zoning description

D Downtown. A. Purpose and intent. The purpose of this section is to provide regulatory standards governing building form and related urban design principles for new development and redevelopment projects in Downtown Aub…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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