Prime Investment Opportunity - 13.67 cap rate - Cash Flow & Versatility! This multi-use commercial building is a money-maker from day one! This multi-use 9316 sq. ft. Building has frontage on both Genesee and Van Patten Street, a high-traffic high-visibility corner lot in Auburn, N.Y. close to shopping including Tops, Bass Pro and more. The main level features a fully operational restaurant/bar seating upto 100 patrons with outdoor seating possible. The restaurant equipment and furnishings belong to the restaurant tenant. This offers an ideal spot for you to open your own Restaurant/Bar business or continue with the current existing well-established tenant for steady income. Upstairs, you'll find two spacious, fully rented 3-bedroom apartments with long term tenants, providing reliable rental revenue. With multiple streams of income under one roof, this property is perfectly positioned to maximize returns. There was a new boiler & hot w ater heater installed for apartment #1 in 2024, a new range and refrigerator in 2024. In 2025 there was a new boiler & hot water heater installed for apartment #2 as well as a new range in 2026 and refrigerator in 2025. The central air & heat unit was replaced in 2019 in the restaurant/bar. Whether you're an experienced investor or just getting started, this is the kind of property that builds wealth - commercial exposure, residential stability, and cash flow you can count on! Sale includes building only.
Listing By
Agency Name: Hunt Real Estate ERA
Agency Phone: 315-622-5757
Shown By
Agent Name: Susanne Munson
Agent Phone: (716) 696-2632
Agency Title: MJ Peterson Real Estate
Estimated Payment
$ 1,276.80 per month $576.42 Principal & Interest $624.83 Property Tax $75.54 Homeowner's Insurance
288 Genesee Street | MLS# S1672473
This home located at 288 Genesee Street , Auburn, NY 13021 is currently listed for sale with an asking price of $259,000. This property was built in 1948 and has 6 bedrooms and 2 full baths with 9316 sq. ft. Genesee Street is located in the Map/49 City Lts Surv subdivision within the Auburn school district. Search Map/49 City Lts Surv real estate on smunson.mjpeterson.com today.