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    FOR LEASE
    Motels

    6864 E Genesee St, Fayetteville, NY 13066

    2,052 SF 1.29 ac lot Built 1940
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US63-2303365
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 6864 E Genesee St, Fayetteville, NY 13066, presents a compelling investment opportunity. The 2,500 square foot building, situated on a 1.29-acre lot, offers a blend of retail and office space, ideal for a variety of uses. Built in 1950 and extensively renovated in 2018, the two-story structure features five private offices, a reception area, a conference room, a full kitchen, and 2.5 bathrooms. Ample rear parking is available. The partially finished basement provides additional storage. The property is zoned for Special Business Transitional use. The building's layout is flexible, with large areas suitable for open workspaces or additional meeting rooms. This location boasts high visibility, situated on East Genesee Street with an impressive 54,367 AADT traffic count. The surrounding demographics are strong, with a population of 13,869 within a two-mile radius and a median household income of $96,403. This property is offered at $575,000 ($230/sq ft) with an Absolute NNN lease type and a credit-rated tenant. The sale is by owner. This is a single-tenant property. This versatile space is perfect for establishing a retail presence, setting up an office headquarters, or undertaking a redevelopment project.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Year built 1940
    Total area 2,052 SF
    Lot 1.29 ac (56,192 SF)
    Zoning code 07 - MIXED
    APN 312689 065.-03-13.2
    UPID US63-2303365
    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
    • RVAC Solutions Factory Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    6864 E Genesee Street LLC · 7 yrs held
    6864 E Genesee Street LLC
    since 2019
    3 recorded transactions
    2019
    2019
    $180,000
    2017
    $375,000
    Zoning & alternative use
    07 - MIXED · Fayetteville, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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