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    OFF-MARKET Estimated value $23,490,000
    Community centers

    4235 Veteran Dr, Geneseo, NY 14454-9442

    206,445 SF 25.17 ac lot Built 2005
    Individually Owned 17-yr Hold Free & Clear
    Property ID
    US63-5918309
    Property summary
    AI-generated overview

    This exceptional 1.21-acre commercial land parcel is ideally situated at 4235 Veteran Drive in Geneseo, New York, within Livingston County, and boasts a prime location in a thriving retail environment. The property, identified by APN 242601-081-010-0001-005-003-0000 and zoned MU-2 (Mixed Use), offers significant development potential. Its strategic placement near national retailers, office buildings, and medical facilities ensures high visibility and accessibility. The site benefits from its proximity to the State University of New York at Geneseo, less than six minutes away, with an enrollment exceeding 5,540 students. This presents a unique opportunity to capitalize on the substantial student population and the surrounding community's robust commercial activity. A proposed mixed-use development at the northeast quadrant of Lakeville Road and Volunteer Road further enhances the area's growth potential. This property presents a rare chance to acquire a well-located commercial lot with significant upside in a dynamic and growing market. The zip code is 14454.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 2005
    Total area 206,445 SF
    Lot 25.17 ac (1,096,405 SF)
    Zoning code 05 - COMMERCIAL
    APN 242601 81.10-1-5.21
    UPID US63-5918309
    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
    • Subway Restaurant Take-out & Catering
    • Cendoma Denise Pharmacy
    • Walmart Connection center Mobile Phone Store Electronics & Wireless Store
    • Redbox Cinema (Bike/Boat/Book/etc) Store
    • Walmart Business Center (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $23.49M
    Owner & transaction history
    Wal-mart Real Estate · 17 yrs held
    Wal-mart Real Estate
    since 2008
    1 recorded transaction
    2008
    $18.7M
    Zoning & alternative use
    05 - COMMERCIAL · Geneseo, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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