Flex Space on Signalized
1192 Manitou Road Greece, NY 14468
For Sale
$750,000
Flexible open-concept building on a signalized corner with paved parking and commercial zoning in Greece, NY.
Property Size5,136 SF
Price / SF$146.03
Days on Market65
Property Features for 1192 Manitou Road
General Information
- Standard status
- Active
- Size
- 5,136 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 2005
Listing Agency:
ERA Leatherman Realty, Inc.
(843) 662-0388
Listed By:
Ken Flowers Jr.
Source:
Xome
Added: May 21
Changed: Jul 22
Last Checked: Jul 23 at 3:42AM
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 ERA Leatherman Realty, Inc.
Investment Insights
Based on property information with market context.
This approximately 5,200-square-foot flex/industrial-style commercial building features an open-concept interior designed for adaptable use. The property includes ample paved parking and offers potential for a drive-thru or drive-up window, depending on tenant plans. Immediate occupancy is available. The building has operated previously as a brewery and has also been utilized as a daycare center.
Located at 1192 Manitou Road in Greece, New York, the property sits on a signalized corner intended to provide strong visibility and street presence with strong daily traffic counts.
Commercial zoning supports a variety of uses, and the current layout can be configured to fit a range of business concepts.
Located at 1192 Manitou Road in Greece, New York, the property sits on a signalized corner intended to provide strong visibility and street presence with strong daily traffic counts.
Commercial zoning supports a variety of uses, and the current layout can be configured to fit a range of business concepts.
Key Highlights
- 5,200 SF commercial building with a flexible open‑concept layout
- Signalized corner location with high traffic counts and strong street presence
- Commercial zoning (COM) supporting a variety of uses
Financial Insights For Industrial
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 | $80.1k | $15.60 |
| − Vacancy | −$5.3k | −$1.03 |
| EGI | $74.8k | $14.57 |
| − OpEx | −$22.5k | −$4.37 |
| NOI | $52.4k | $10.20 |
5,136 SF · lease $15.60/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.06M
$923.3K – $1.23M
NOI $73,866 @ 7.0% cap · market cap 9.85%
Second Best
Healthcare Medical
$1.02M
$894.9K – $1.19M
NOI $71,592 @ 7.0% cap · market cap 9.55%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,488 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Flexible open-concept building on a signalized corner with paved parking and commercial zoning in Greece, NY.
Where is this flex space located?
The property is located at 1192 Manitou Road Greece, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5,200 SF commercial building with a flexible open‑concept layout; Signalized corner location with high traffic counts and strong street presence; Commercial zoning (COM) supporting a variety of uses
