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    5633 State Route 31 Verona, NY 13478

    Sponsored
    For Sale
    $175,000

    Prime location, 4 tenants, high potential.

    Property size:
    3,150 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 5633 State Route 31 in Verona, NY, presents a compelling investment opportunity. The 3,150 square foot building sits on a sizable 0.8-acre lot, providing ample parking and potential for expansion. Currently, four long-term commercial tenants occupy the space, generating consistent rental income. The property's strategic location, just minutes from the renowned Turning Stone Resort Casino, ensures high visibility and foot traffic. The existing structure offers the potential for up to five storefronts, allowing for increased revenue streams and diversification of tenants. The large parking lot accommodates customers and employees comfortably. This property is ideal for investors seeking a stable, income-producing asset with significant upside potential. The existing tenants provide immediate cash flow, while the layout and location offer flexibility for future development and growth. This is a rare opportunity to acquire a well-established commercial property in a thriving area with strong potential for long-term appreciation. The asking price is $175,000. Don't miss this chance to secure a valuable addition to your investment portfolio.

    Property Features for 5633 State Route 31

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,150 SF
    Lot Size
    34,848 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel Skin Care Clinic Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Verona
    County
    Oneida
    State
    New York
    Longitude
    -75.58387
    Latitude
    43.13269

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, 4 tenants, high potential.
    Where is this commercial real estate located?
    The property is located at 5633 State Route 31 Verona, NY.
    What is the asking price?
    The asking price for this property is $175,000.
    (315) 567-4663
    Request Owner's contact information
    5633 State Route 31 Verona, NY 13478
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    Verona, NY 13478
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5633 State Route 31 Verona, NY 13478
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