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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
$824,095 CAD
Price Per SF
$78.64 CAD
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
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 320500-104-043-0002-058-000-0000 | Improvements Assessment | $639,604 CAD |
| Land Assessment | $74,730 CAD | Total Assessment | $714,334 CAD |
Property Taxes
Parcel Number
320500-104-043-0002-058-000-0000
Land Assessment
$74,730 CAD
Improvements Assessment
$639,604 CAD
Total Assessment
$714,334 CAD
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405 Exchange St
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