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Property profile & analytics
OFF-MARKET Estimated value $835,000
Retail space

301 Genesee St Auburn, NY 13021-3230

14,458 SF 1.5 ac lot Built 2008
Entity Owned 15-yr Hold ~ Est. High Equity
Property ID
US63-6176487
Property summary
AI-generated overview

This exceptional 14,490-square-foot freestanding retail space presents a unique investment opportunity in Auburn, New York. Located at 301 Genesee Street, this single-tenant property boasts a highly desirable corner location with excellent visibility. The property includes a convenient drive-thru, prominent pylon signage, and a dedicated private parking lot, ensuring ease of access for customers. Its strategic placement near key amenities such as Mercy Apartments, West Middle School Apartments, Miles Park, and Auburn Permaculture Park, coupled with its proximity to major retailers like McDonald's and Dollar General, guarantees high foot traffic and strong brand recognition potential. The building's total square footage is 14,490 square feet, currently entirely vacant, offering a blank canvas for a wide range of retail businesses. All leases are required to be coterminous. The asking price is $125,000 per annum on a modified gross lease. The lease expiration date is June 30, 2033. Situated in Cayuga County, New York, with the zip code 13021, this property offers unparalleled potential for growth and profitability in a thriving community. This is a rare opportunity to acquire a prime retail space in a high-traffic area with significant upside potential.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2008
Total area 14,458 SF
Lot 1.5 ac (65,340 SF)
Zoning code NC
APN 050100 115.74-1-2.1
UPID US63-6176487
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
  • Rachel Karn Pharmacy
  • Linda Isgar Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$835k
Owner & transaction history
Arc Wgaubny001 LLC · 15 yrs held
Arc Wgaubny001 LLC
since 2011
5 recorded transactions
2011
$6.3M
2007
$3.1M
2006
$275,000
2005
$164,060
1969
Price N/A
Zoning & alternative use
NC · Auburn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $1.3M +76.0%
Auto repair, garage $1.2M +53.2%
Commercial (general) $1.1M +42.7%
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