Property profile

315 Genesee St Auburn, NY 13021

FOR LEASE
Strip malls
Property ID
US63-0167464
41,000 SF 4.5 ac lot Built 1991
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

Auburn Towne Plaza, located at 315 Genesee St, Auburn, NY 13021, offers exceptional retail leasing opportunities in Cayuga County. This 85,089 square foot strip center boasts a prime location with excellent visibility from the road, enhanced by a signalized entrance. The property features two suites, currently offering 11,569 square feet of vacant space available for lease. Flexible lease options cater to various business needs, accommodating spaces ranging from 5,000 to 11,500 square feet. In addition to the in-line space, a highly visible pad site is available in front of the plaza, offering freestanding tenants exposure from multiple streets. This presents a unique opportunity for businesses seeking high-traffic locations with strong visibility. The property's strategic location in Auburn, near Syracuse, NY, provides access to a substantial customer base. The property is ideal for a variety of retail uses, and the ample space also presents possibilities for storage-related businesses. Interested parties are encouraged to inquire about lease terms and availability.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1991
Total area 41,000 SF
Lot 4.5 ac (196,020 SF)
Zoning code C
APN 050100 115.81-1-4.311
UPID US63-0167464

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
  • Restaurant Buffet
  • Gym & Fitness Center
  • Alternative Medicine Practice
  • Storage Facility
  • Alternative Medicine Practice

Location

315 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
$1.36M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.34M

Owner & transaction history

since 2021
Last sale
$1.3M
7 recorded transactions
2023
Price N/A
2021
$1.3M
2019
$650,000
2018
$375,000
2013
$1.7M
2010
$2.3M
2007
$2.5M

Zoning & alternative use

C · Auburn, NY
Zoning description

C General Commercial District. A. Purpose and intent. The purpose of the General Commercial District (C) is to promote a variety of commercial uses and services which are well designed and contribute to the character and…

General category COMMERCIAL
Top alternative use upside
Retail stores $2.2M +183.7%
Industrial (general) $855,000 +12.0%

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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