Prime Corner Lot in
203 E Broadway, Fulton, NY 13069
High-traffic corner lot suitable for various commercial uses.
Type:General Commercial
Property size:
1,305 SFLot size:
0.21 AcresPrice / SF:
$153/SF- Added:
- Sep 5, 2024
- Days on Market:
- 636
- Last Refresh:
- May 13 at 8:06 pm
Property Features for 203 E Broadway
General Information
- Standard status
- Active
- Size
- 1,305 SF
- Lot size
- 0.21 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1975
Listing agent Patrick Haggerty
Listing office Century 21 Leah's Signature (315) 652-1165
Listing date Sep 5, 2024
Source Xome
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Leah's Signature
HighLights
- Heavily trafficked corner lot at the intersection of State Route 481 and State Route 3 (E Broadway)
- Recently rezoned to Downtown District (DD), allowing for a host of uses including food establishment, retail, medical office space, professional office space, mixed use/upper level residential
- Proximity to Micron's announced investment of up to $100 billion in the Town of Clay (less than 15 miles away)
- State Route 481 serves as a main thoroughfare connecting Syracuse to Oswego
- Corner lot dimensions approximately 81' x 110'
- Includes 3 parking spaces
Overview
This corner lot, measuring approximately 81' x 110', is located at the intersection of State Route 481 and State Route 3 (E Broadway) in Fulton. The City of Fulton is located less than 15 miles from the Town of Clay. State Route 481 serves as a main thoroughfare connecting Syracuse to Oswego. The property was recently rezoned to Downtown District, allowing for a variety of uses including food establishments, retail, medical office space, professional office space, and mixed-use developments with upper-level residential units. This property presents a development opportunity to capitalize on a heavily trafficked corner in the City of Fulton. The property size is 1305 square feet.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.9k | $25.20 |
| − Vacancy | −$3.5k | −$2.65 |
| EGI | $29.4k | $22.55 |
| − OpEx | −$11.8k | −$9.02 |
| NOI | $17.7k | $13.53 |
1,305 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$252.3K
$220.8K – $294.3K
NOI $17,660 @ 7.0% cap · market cap 8.83%
Second Best
Office B
$196.3K
$171.8K – $229.0K
NOI $13,742 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$260.3K
$227.8K – $303.7K
NOI $18,221 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Fulton
- County
- Oswego
- State
- New York
- Longitude
- -76.411891
- Latitude
- 43.31887
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - High-traffic corner lot suitable for various commercial uses.
Where is this commercial land located?
The property is located at 203 E Broadway Fulton, NY.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Heavily trafficked corner lot at the intersection of State Route 481 and State Route 3 (E Broadway); Recently rezoned to Downtown District (DD), allowing for a host of uses including food establishment, retail, medical office space, professional office space, mixed use/upper level residential; Proximity to Micron's announced investment of up to $100 billion in the Town of Clay (less than 15 miles away)
