Established Cafe Business For
725 Irving Ave, Syracuse, NY 13210
Thriving cafe business opportunity in a prime medical building location.
Type:Business for Sale
Property size:
725 SFPrice / SF:
$151/SF- Added:
- Feb 11, 2025
- Days on Market:
- 465
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 725 Irving Ave
General Information
- Standard status
- Active
- Size
- 725 SF
- Property subtype
- Business for Sale
Listing agent kathryn woodruff License #NY 10301216581
Listing office Weichert Commercial Brokerage Inc Fayetteville
Listing date Feb 11, 2025
Source Crexi
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 Weichert Commercial Brokerage Inc Fayetteville
HighLights
- Established and rapidly growing cafe business.
- Prime location within Crouse Irving Memorial Physician's Office Building, near major hospitals.
- Utilities included in rent (paid by Property Management/Landlord).
- Significant growth potential with Syracuse University and SUNY ESF clientele.
- Seller/Chef willing to assist with transition for one month.
- Includes two parking spaces near the back entrance.
Overview
This is an established and rapidly growing cafe business for sale, situated in the Crouse Irving Memorial Physician's Office Building. The 725-square-foot space is easily accessible from both Irving and Crouse Avenues. Its location provides convenient access to University and Crouse Hospitals, with employees, staff, patients, and students making up the majority of the cafe's clientele. Syracuse University and SUNY ESF staff and students represent future growth opportunities. Most inventory is included in the sale, and the seller/chef is willing to stay for a month to assist the new owner with the transition. The property management company/landlord covers all utilities. The building is equipped with an elevator, and the current tenant has access to the common public bathrooms and lobby. Two parking spaces near the back entrance along the dock are included. The cafe currently has one part-time employee who may be willing to stay on. This thriving business offers significant growth potential in a pedestrian-friendly area.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$80.0K
NOI $7,204 @ 9.00% cap · cautious / downside scenario
Moderate
$102.9K
NOI $7,204 @ 7.00% cap · market / base-case scenario
Aggressive
$144.1K
NOI $7,204 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $10.0k | $13.80 |
| − Vacancy | −$400 | −$0.55 |
| EGI | $9.6k | $13.25 |
| − OpEx | −$2.4k | −$3.31 |
| NOI | $7.2k | $9.94 |
725 SF · lease $13.80/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$102.9K
$90.1K – $120.1K
NOI $7,204 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$126.0K
$110.3K – $147.0K
NOI $8,820 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dr. Leah Kaufman
Physician
Dr. Usha Bhalodia, ...
Physician
Kim Wallenstein
Pediatrician
Richard D Semeran ...
Physician
Similar Places Nearby
- Eggers Café — Eggers Hall, Syracuse, NY 13210
- Slocum Cafe — Slocum Hall, Syracuse University, Syracuse, NY 13210
- People's Place Cafe — S Crouse Ave, Syracuse, NY 13244
- Starbucks — Campus West Housing, 150 Henry St, Syracuse, NY 13244
- Starbucks — 150 henry st, syracuse, ny 13244
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.1375266
- Latitude
- 43.0415383
Nearby Similar for Sale
FAQs
What type of property is this?
Coffee shop - Thriving cafe business opportunity in a prime medical building location.
Where is this coffee shop located?
The property is located at 725 Irving Ave Syracuse, NY.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: Established and rapidly growing cafe business.; Prime location within Crouse Irving Memorial Physician's Office Building, near major hospitals.; Utilities included in rent (paid by Property Management/Landlord).
