2 Seneca StGeneva, NY 14456

Property Details for 2 Seneca St

Year built

1970

Lot size

0.27 AC

Property size (Sq ft)

15,856 SF

Zone code

B-2

Property type

Banks

APN

320500 104.50-1-30

APU

32050010450130

Description

This exceptional Class A office building, located at 2 Seneca St in downtown Geneva, NY, presents a unique investment opportunity. The property, formerly occupied by Five Star Bank, boasts 15,856 square feet of vacant space spread across two stories in a single building. Built in 1970 and renovated in 1990, the building sits on a 0.3-acre lot and offers high visibility at a prime corner location. The asking price is $800,000, translating to $50.45 per square foot. Its central location in Geneva's vibrant downtown area makes it ideal for a variety of professional office uses, benefiting from high foot traffic and excellent visibility. The property's spacious layout and previous use as a bank branch suggest suitability for a range of businesses seeking a prestigious address. The building's solid construction and recent renovations ensure a move-in ready condition, minimizing upfront capital expenditures. This is a rare opportunity to acquire a substantial, well-maintained office building in a desirable location. The vacant status allows for immediate occupancy and customization to suit the buyer's specific needs. The property's size and location make it an attractive investment for both owner-occupiers and investors seeking a strong return on investment in the thriving Geneva market. The 14456 zip code offers easy access to local amenities and transportation networks.

• CAP approach

  CAP return

  Valuation

  6%

  $3,763,903

  6.5%

  $3,474,372

  7%

  $3,226,203

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,650,410

  Geo Method

  $5,220,798

• Alternative Use

  Use

  Valuation

  Residential

  $2,930,763

  Hospitality

  $2,684,563

  Educational

  $2,233,525

  Medical

  $2,310,339

  Retail

  $3,474,372

Location Insight

City

Geneva

County

Ontario

State

New York

Latitude

42.867

Longitude

-76.9823

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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