42 Genesee St Auburn, NY 13021-4008
This unique mixed-use property in Auburn, NY, presents a compelling investment opportunity. Located at 42 E Genesee St, this 3,337 square foot building, constructed in 1873, sits on a 0.31-acre lot and features two buildings and two stories. The property boasts 18 parking spaces, a significant advantage in a high-traffic area. Currently configured as a commercial space and a three-bedroom apartment, it offers unmatched passive income potential. The main floor is ideal for a salon, medical office, or similar business, while the upstairs apartment provides additional rental income. A large three-bay garage in the rear offers further income potential as storage space. The property's elegant woodwork, grand staircase, and charming front porch add to its appeal. Zoned for commercial and residential use, the possibilities are endless. The asking price is $300,000, representing a price per square foot of $89.90. This property is for sale by owner and presents a rare chance to acquire a versatile and profitable investment in a desirable location.
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 Auburn. These standards are intended to ensure that proposed development is consistent with the vision, goals and objectives of "Building a Sus…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
D · Auburn, NYD 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 Auburn. These standards are intended to ensure that proposed development is consistent with the vision, goals and objectives of "Building a Sustainable Future," the City of Auburn Comprehensive Plan and other City planning and development initiatives. Downtown is the City's financial, entertainment, governmental and institutional center for public services, social activity and employment. As such, the intent of this section is to maintain the distinctive character of Downtown and enhance relationships between buildings and streets and other public spaces by considering their visual compatibility with surrounding areas. B. Guiding principles. These standards are based upon a number of guiding principles, including to: (1) Implement the City of Auburn Comprehensive Plan; (2) Protect and reinforce the unique and historic character of Downtown neighborhoods; (3) Encourage adaptive reuse and desirable forms of development at infill locations and underutilized properties; (4) Re-establish walkability and strengthen the historic circulation patterns of walkable areas; (5) Encourage reinvestment and revitalization by promoting mixed-use development; (6) Discourage less compatible suburban styles of development in the Downtown; (7) Enhance the visual character and quality of the public realm and improve pedestrian comfort; and (8) Promote diversity and compatibility in the design and use of urban buildings and public spaces. C. Applicability and use. This section applies to all buildings and the interface of buildings with the public realm and public realm amenities within the boundaries of the Downtown district. The provisions of this chapter are implemented by use of the words "shall" when meeting such provisions are required; "should" when the actions are recommended; and "may" when actions are considered optional. Action Applicable Subsection
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
