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Investment Highlights
- The property is home to three well-established and successful businesses: All tenants have long-term leases and wish to remain.
- Handicap accessible, with a private parking lot and ample street parking, this property boasts prime location, visibility, and foot traffic.
- Located in the heart of beautiful Downtown Geneva, this large commercial building presents a rare and lucrative investment opportunity.
Executive Summary
Located in the heart of beautiful Downtown Geneva, this large commercial building presents a rare and lucrative investment opportunity. With unobstructed views of Seneca Lake from the rear, the property is home to three well-established and successful businesses: a popular Japanese restaurant of 12 years, a thriving Mexican restaurant in place for over 5 years, and a trusted dental office that has served the community for 12 years. All tenants have long-term leases and wish to remain. In addition to these income-producing units, the building features an approximately 1,800-square-foot open space in the back—complete with stunning lake views—offering the potential for a fourth rental opportunity. Handicap accessible, with a private parking lot and ample street parking, this property boasts prime location, visibility, and foot traffic. A solid investment with strong returns in a high-demand area.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
10,479 SF
Building Class
C
Year Built
1940
Price
$599,900
Price Per SF
$57.25
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Lot Size
0.45 AC
Opportunity Zone
Yes
Zoning
B-2 - B-2
Frontage
86’ on Exchange St
Amenities
- Bus Line
- Restaurant
- Air Conditioning
Walk Score®
Very Walkable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | 320500-104-043-0002-058-000-0000 | Improvements Assessment | $465,600 |
| Land Assessment | $54,400 | Total Assessment | $520,000 |
Property Taxes
Parcel Number
320500-104-043-0002-058-000-0000
Land Assessment
$54,400
Improvements Assessment
$465,600
Total Assessment
$520,000
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405 Exchange St
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