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984 Waterloo Geneva Rd - Mixed Use - Retail + Cabins + RV Park

1,000 SF Specialty Building Offered at £468,414 at a 5% Net Initial Yield in Waterloo, NY 13165

INVESTMENT HIGHLIGHTS

  • Waterfront on Canal; Minutes to Seneca Lake and downtown Geneva Waterfront Park
  • 5 Log Cabins Under Remodeling; Sewer, Water, Electric, Internet at each cabin.
  • Will finance qualified buyer - Possible Joint Venture - Submit your ideas
  • Retail Building Leased @ $1,500/mo; Can rewrite and partition if new owner needs some of this space
  • Will consider a trade for land in Portland, Maine, California or Arizona
  • Seasonal Cabins + RV Park - May 15 - November 15

EXECUTIVE SUMMARY

One of a kind opportunity! 2400 sq/ft Grey Shell retail building with Hwy 5 & 20 frontag; 5 log cabins undergoing a major rehab. Finish the interior to your own design! Seasonal Vacation Rental; Use as a family vacation compound, rent them seasonally yourself, or consign them to a Vacasa/AirBnb rental program.
Also, 6 RV spaces available seasonally.

FINANCIAL SUMMARY (PRO FORMA - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income £216,937 £216.94
Other Income - -
Vacancy Loss £108,617 £108.62
Effective Gross Income £108,320 £108.32
Taxes £2,777 £2.78
Operating Expenses £85,703 £85.70
Total Expenses £88,481 £88.48
Net Operating Income £19,839 £19.84

FINANCIAL SUMMARY (PRO FORMA - 2024)

Gross Rental Income
Annual £216,937
Annual Per SF £216.94
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £108,617
Annual Per SF £108.62
Effective Gross Income
Annual £108,320
Annual Per SF £108.32
Taxes
Annual £2,777
Annual Per SF £2.78
Operating Expenses
Annual £85,703
Annual Per SF £85.70
Total Expenses
Annual £88,481
Annual Per SF £88.48
Net Operating Income
Annual £19,839
Annual Per SF £19.84

PROPERTY FACTS

Price £468,414 Lot Size 1.54 AC
Price Per SF £468 Construction Status Under Renovation
Sale Type Investment or Owner User Building Size 1,000 SF
Net Initial Yield 5% Number of Floors 1
Sale Conditions
1031 Exchange
  • Tenants option to buy property
  • Deferred Maintenance
  • Development Sale
 Year Built/Renovated 1980/2025
Property Type Specialty Tenancy Single
Property Subtype Trailer/Camper Park Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class B
Price £468,414
Price Per SF £468
Sale Type Investment or Owner User
Net Initial Yield 5%
Sale Conditions
1031 Exchange
  • Tenants option to buy property
  • Deferred Maintenance
  • Development Sale
Property Type Specialty
Property Subtype Trailer/Camper Park
Building Class B
Lot Size 1.54 AC
Construction Status Under Renovation
Building Size 1,000 SF
Number of Floors 1
Year Built/Renovated 1980/2025
Tenancy Single
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

AMENITIES

  • Waterfront

LINKS

1 of 1

PROPERTY TAXES

Parcel Number 453889-021-000-0002-031-002-0000 Total Assessment £130,369 (2023)
Land Assessment £43,141 (2023) Annual Taxes £2,777 (£2.78/sf)
Improvements Assessment £87,227 (2023) Tax Year 2024

PROPERTY TAXES

Parcel Number
453889-021-000-0002-031-002-0000
Land Assessment
£43,141 (2023)
Improvements Assessment
£87,227 (2023)
Total Assessment
£130,369 (2023)
Annual Taxes
£2,777 (£2.78/sf)
Tax Year
2024

ZONING

Zoning Code Commercial (Hard Zoned Commercial - Uses by permit)
Commercial (Hard Zoned Commercial - Uses by permit)
(623) 374-0155

CONTACT

  • Stephen Canzoneri
    Stephen Canzoneri
  • Valley Financial Investment Corp

  • Listing ID: 26304240

  • Date on Market: 01/08/2022

  • Last Updated:

  • Address: 984 Waterloo Geneva Rd, Waterloo, NY 13165

The Specialty Property at 984 Waterloo Geneva Rd, Waterloo, NY 13165 is currently available for sale. Contact Valley Financial Investment Corp for more information.

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984 Waterloo Geneva Rd - Mixed Use - Retail + Cabins + RV Park
(623) 374-0155 x

984 Waterloo Geneva Rd - Mixed Use - Retail + Cabins + RV Park

Stephen Canzoneri

(623) 374-0155

(623) 374-0155

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