4262 Lakeville Rd Geneseo, NY 14454-1166
- Drive through restaurants
- 2,576 SF
- 3.16 lot acres
Current Use by Public Records
- Rancho Viejo Geneseo / Mexican Restaurant
- Geneseo Diner / Restaurant
Property Details for 4262 Lakeville Rd
- Year built
- 1996
- Lot size
- 3.16 lot acres
- Property size
- 2,576 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Drive through restaurants
- APN
- 242601 81.10-1-20.1
- APU
- 24260181101201
Description
This exceptional 1.5-acre commercial land parcel presents a unique mixed-use development opportunity in the thriving town of Geneseo, New York. Located at 4262 Lakeville Rd., this strategically positioned site boasts high visibility from a major thoroughfare, Lakeville Road, which sees 13,618 vehicles daily. The property is zoned for mixed-use development, allowing for a diverse range of commercial ventures. Its prime location between the SUNY Geneseo campus and Interstate 390 ensures high traffic volume and a substantial potential customer base. The area is characterized by a high barrier to entry for retail, making this a particularly attractive investment. Nearby anchors such as Wegmans and Walmart further enhance the site's desirability. The property offers deeded access via Livingston Lanes. With a population of 9,000 within a 3-mile radius, supplemented by an additional 4,500 SUNY Geneseo students, this site offers unparalleled access to a robust and growing market. Ideal for new construction projects such as office space, medical facilities, fitness centers, or retail establishments, this property represents a compelling investment opportunity in a vibrant and expanding community. The asking price is $200,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $255,000
- 6.5%
- $270,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $275,000
- Mixed-Use
- $345,000
- Hospitality
- $270,000
- Educational
- $330,000
- Residential Income
- $315,000
- Energy
- $290,000
- Income-Based Land
- $290,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Geneseo
- County
- Livingston
- State
- New York
- Longitude
- -77.786
- Latitude
- 42.7971
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
