Corner - Geneva, FLCC Campus

Investment Overview

Located in Geneva NY at the North East Corner of Seneca Lake this mixed-use property has potential with it being next to the Finger Lakes Community College's Geneva Campus. The lower unit for office/retail is presently leased to a smoke shop and the upstairs is a 3 bedroom 1 bathroom unit that is also leased. This corner property would be a ideal location for a office for a company that services college students. The apartment is rented at roughly $800 a month. Reviewing HUD stats - the FY 2026 Rochester, NY MSA Small Area FMRs for a 3 Bedroom in ZIP Code 14456 is $1,660 and 2 bedroom is $1,370. This would support that with the appropriate investment in repairs and upgrades that the current rent roll could be increased and bring it closer to the market.

Area Overview

Property is in Geneva NY, at the North East Corner of Seneca Lake at Route 14 that takes tourists down through the wine trails and to Watkins Glen.