24 Seneca St Geneva, NY 14456
- Investment properties
- 34,644 SF
- 0.19 lot acres
Current Use by Public Records
- Investment properties
Property Details for 24 Seneca St
- Year built
- 1900
- Lot size
- 0.19 lot acres
- Property size
- 34,644 SF
- Zone code
- B-2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 320500 104.50-1-31
- APU
- 32050010450131
Description
This exceptional Class A executive office building, located at 24 Seneca Street in the heart of downtown Geneva, New York, presents a unique investment opportunity. The property boasts a substantial 27,860 square feet of office space within a single, four-story building constructed in 1900. Currently operating at 75% occupancy, this presents immediate income potential with room for growth. The asking price is $800,000, translating to a price per square foot of $28.72. Situated on a 0.24-acre lot, the building offers a prominent presence in Geneva's central business district. The property's single-tenancy structure simplifies management, while its executive office subtype caters to discerning clientele. The National Bank of Geneva currently holds ownership. This is an excellent chance to acquire a well-established, high-quality office building in a thriving New York location. The property's prime downtown location offers easy access to amenities, transportation, and a strong workforce. With its substantial square footage and attractive price point, this building represents a compelling investment opportunity for those seeking a stable and potentially lucrative return. The building's history and established presence in the community add to its overall appeal. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $440,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $385,000
- 6.5%
- $330,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $315,000
- Mixed-Use
- $365,000
- Hospitality
- $360,000
- Educational
- $385,000
- Residential Income
- $410,000
- Energy
- $315,000
- Income-Based Land
- $400,000
- Food Service
- $365,000
Location Insight
- Map
- Local Demand
- City
- Geneva
- County
- Ontario
- State
- New York
- Longitude
- -76.9826
- Latitude
- 42.867
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA