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Established Cafe Business For Sale

725 Irving Ave, Syracuse, NY 13210

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For Sale

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Thriving cafe business opportunity in a prime medical building location.

Type:Business for Sale

Property size:

725 SF

Price / SF:

$151/SF

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Contact for Pricing

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and status of this listing

kathryn woodruff

Real Estate License ID: NY 10301216581

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.

For Sale

Contact for pricing

Thriving cafe business opportunity in a prime medical building location.

Type:Business for Sale

Property size:

725 SF

Price / SF:

$151/SF

Added:: Feb 11, 2025
Days on Market:: 510
Last Refresh:: May 12 at 10:14 pm

Property Features for 725 Irving Ave

General Information

Standard status: Active
Size: 725 SF
Property subtype: Business for Sale

We can help!

Contact an agent

kathryn woodruff

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.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 Uses

Best Use

Specialty Retail

$102.9K

$90.1K – $120.1K (±1% cap)

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 (±1% cap)

NOI $8,820 @ 7.0% cap · market cap 8.02%

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

Property Profile Location Intelligence

Current Use by Public Records

Dr. Leah Kaufman Physician Dr. Usha Bhalodia, ... Physician Kim Wallenstein Pediatrician Richard D Semeran ... Physician

Suggested Use

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

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For sale
Coffee shops
NY
Syracuse
13210
725 Irving Ave

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).