179 Genesee StAuburn, NY 13021

Property Details for 179 Genesee St

Year built

1940

Lot size

0.27 AC

Property size (Sq ft)

3,050 SF

Zone code

D

Property type

Investment properties

Property subtype

Live-work space

APN

050100 115.60-1-26

APU

5010011560126

Description

This exceptional 4,575 square foot office building presents a remarkable investment opportunity in the vibrant city of Auburn, NY. Situated on a 0.27-acre lot on one of Auburn's busiest thoroughfares, this property boasts unparalleled visibility and high traffic counts, ensuring maximum exposure for your business. The building's history as a thriving dental practice speaks to its suitability for a variety of professional uses. Currently, the property generates rental income from a three-bedroom apartment on the upper floor and a one-bedroom apartment on the lower floor, although the lower apartment requires some updating. Significant improvements have already been made, including a new roof and new siding, minimizing immediate maintenance needs. The building's substantial size offers ample space for a growing business or the potential to expand existing operations. The high-traffic location and existing rental income combine to create a compelling investment prospect with strong potential for return. The asking price is $214,900. Please note, per owner request, there is no signage permitted on the property. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $492,524

  6.5%

  $454,637

  7%

  $422,163

• Comparable approach

  Method

  Valuation

  Relative Method

  $278,642

  Geo Method

  $398,513

• Alternative Use

  Use

  Valuation

  Residential

  $563,750

  Hospitality

  $516,392

  Educational

  $429,632

  Medical

  $444,408

  Retail

  $668,317

Location Insight

City

Auburn

County

Cayuga

State

New York

Latitude

42.9291

Longitude

-76.5728

CBSA code

12180

CBSA name

AUBURN, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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