Property profile

58 Genesee St Greene, NY 13778

FOR SALE
Investment properties
Property ID
US63-2447682
6,080 SF 0.19 ac lot Built 1870
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property located at 58 Genesee Street in Greene, New York, presents a rare investment opportunity. The building, situated on a 0.19-acre lot, offers approximately 6080 square feet of space, currently leased to Walgreens under a 10-year lease, generating significant rental income. The main retail space encompasses approximately 2500 square feet, including a break room, storage areas, and restrooms. A second-floor space, heated by electric baseboard units powered by the Greene Municipal electric company, offers additional rental potential. The building boasts a concrete basement floor and walls, providing a solid foundation. Recent improvements include a new rubber roof installed in 2021 and an oil-forced air furnace for the main level. The property benefits from its prime location on Genesee Street (State Highway 206), a major thoroughfare connecting Whitney Point (Interstate 81) and Bainbridge (Interstate 88), ensuring high visibility and accessibility. Greene's strategic location between Binghamton and Norwich further enhances its appeal. The building's strong tenant and desirable location make this a compelling investment prospect. The asking price is $175,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1870
Total area 6,080 SF
Lot 0.19 ac (8,276 SF)
APN 083001 236.2-2-4
UPID US63-2447682

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
  • Pharmacy
  • Postal Service Courier Service
  • Pharmacy
  • Bank Credit Union
  • Pharmacy

Location

58 Genesee St Greene, NY 13778
Greene metro Census 970802
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

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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More about this property
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