For Sale
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Property summary
This exceptional commercial property at 102 W Elm St, Fayetteville, NY, presents a rare investment opportunity. The 1,710 square foot building boasts a first-floor commercial/office space, ideal for a variety of businesses. Its prime location within Limestone Plaza offers unparalleled visibility and accessibility, surrounded by restaurants, shops, a library, town offices, a cafe, and the town center, all within easy reach. The property also includes a second-floor one-bedroom, one-bathroom apartment, providing additional income potential or owner-occupied living space. A detached two-car garage adds further convenience. Ample free municipal parking is readily available, and the property enjoys a picturesque view of Mill Creek across the street. Situated on a 0.12-acre lot in the Town of Manlius, the property is zoned B2, a commercial district allowing a wide range of uses, including those permitted in Commercial District A, plus additional options. Currently occupied by tenants, appointments for viewings require 24-48 hours' notice. This property offers a unique blend of commercial space and residential living, making it an attractive investment for both business owners and investors seeking a strong return. The asking price is $264,000.
Property profile
VerifiedCap rate & NOI
Current use
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Pet Grooming Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B2 · Fayetteville, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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