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    3852 State Route 31 Liverpool, NY 13090

    For Sale
    $3,425,000

    Two-tenant retail property with redevelopment potential in a retail corridor.

    Property size:
    6,039 SF
    Lot size:
    2.80 Acres

    Property Features for 3852 State Route 31

    General Information

    Size
    6,039 SF
    Lot size
    2.80 Acres

    Source: Colliers Agent Jack Melton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property with Redevelopment Potential

    This net lease property is occupied by Chipotle and Verizon. Both tenants have exercised lease extension options through 2028. Chipotle has three 5-year extensions remaining, while Verizon has one 5-year lease extension remaining, which includes 10% rent increases at renewal. The property benefits from its location within a densely populated retail corridor anchored by Lowe's and Hobby Lobby. Verizon is a top-performing location, ranked #15 out of 4,998 stores. Chipotle also performs well, placing in the top 25% of all Chipotle locations, based on Placer AI data. The 2.8-acre outlot site offers versatile redevelopment potential, making it ideal for a range of future retail or mixed-use concepts. The property has a size of 6,039 square feet and is located at 3852 State Route 31, Liverpool, NY.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Liverpool
    County
    Onondaga
    State
    New York
    Longitude
    -76.238953
    Latitude
    43.183749

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    FAQs

    What type of property is this?
    Retail space - Two-tenant retail property with redevelopment potential in a retail corridor.
    Where is this retail space located?
    The property is located at 3852 State Route 31 Liverpool, NY.
    What is the asking price?
    The asking price for this property is $3,425,000.
    What are key features of this property?
    This property features: - Net lease two tenant property occupied by Chipotle and Verizon; - Both tenants have exercised lease extension options through 2028; - **Verizon is a top-performing location, ranked #15 out of 4,998 stores**
    (248) 226-1656
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    3852 State Route 31 Liverpool, NY 13090
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    Liverpool, NY 13090
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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
    3852 State Route 31 Liverpool, NY 13090
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