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Park Place 50 Genesee St 6,508 SF 100% Leased Retail Building Avon, NY 14414 $700,000 ($107.56/SF) 7.36% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent Village Property
- Updated Mechanicals
- Excellent Condition
EXECUTIVE SUMMARY
Exceptional Village of Avon Investment Opportunity. Well maintained 7 Unit Mixed Use Property offers 4 Office/Retail Service units on ground level and 3 Two Bdrm. Apartments on the 2nd floor.
Property is in excellent condition and has been in the same ownership for over 60 yrs.
There is value add opportunity to get more market rate rent for Apartments.
The NOI is Proforma based using market rate for Apartments and actual rates for of the Office/Retail units.
Property is in excellent condition and has been in the same ownership for over 60 yrs.
There is value add opportunity to get more market rate rent for Apartments.
The NOI is Proforma based using market rate for Apartments and actual rates for of the Office/Retail units.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,508 SF
Building Class
C
Year Built
1900
Price
$700,000
Price Per SF
$107.56
Cap Rate
7.36%
NOI
$51,520
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.49
Lot Size
0.10 AC
Zoning
05 - COMME
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 242001-034-010-0002-001-000-0000 | Total Assessment | $215,100 (2024) |
| Land Assessment | $23,100 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $192,000 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
242001-034-010-0002-001-000-0000
Land Assessment
$23,100 (2024)
Improvements Assessment
$192,000 (2024)
Total Assessment
$215,100 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Park Place | 50 Genesee St
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