Prime Corner Lot in
203 E Broadway Fulton, NY 13069
203 E Broadway, Fulton, NY, 13069
$199,900
Pending
For Sale
$199,900
Pending
High-traffic corner lot suitable for various commercial uses.
Property Size1,305 SF
Lot Size0.21 Acres
Days on Market841
Property Features for 203 E Broadway
General Information
- Standard status
- Pending
- Size
- 1,305 SF
- Lot size
- 0.21 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1975
Listing Agency
Century 21 Leah's Signature
(315) 652-1165
Listed by
Patrick Haggerty
(315) 652-1165
Source
Xome
Added: Mar 29, 2024 Checked: Jul 17 at 2:15 am
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
Investment Insights
Based on property information with market context.
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.
Key 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)
Local Financial Insights For Retail
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 | $18.8k | $14.40 |
| − Vacancy | −$789 | −$0.60 |
| EGI | $18.0k | $13.80 |
| − OpEx | −$5.4k | −$4.14 |
| NOI | $12.6k | $9.66 |
1,305 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$180.0K
$157.5K – $210.0K
NOI $12,602 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
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)
