Two Commercial Units on Busy
153 N 2nd St Fulton, NY 13069
For Sale
$169,900
Two commercial units with parking on a busy road.
Property Size1,000 SF
Lot Size0.25 Acres
Price / SF$169.90
Days on Market118
Property Features for 153 N 2nd St
General Information
Standard status
Active
Size
1,000 SF
Lot size
0.25 Acres
Property subtype
Commercial
Building Details
Year Built
1966
Listing Agency:
Integrated Real Estate Ser LLC
(315) 254-3557
Listed By:
Alan Fritz Lathrop
(315) 254-3557
Source:
Elliman
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 28 at 8:34AM
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 Integrated Real Estate Ser LLC
Investment Insights
Based on property information with market context.
This property features two commercial units of approximately equal size. The unit on the right has an open space of roughly 25 x 20, new floors, and fresh paint. It includes separate front and back entrances. The unit on the left is about the same size and has central air. Each unit has separate gas and electric. Business signage stays with the property, but personal framed signs will be removed. Customer parking is available in front for about 20 cars, with additional parking on the side and rear. The property is located on a very busy road with an average of 12,000 to 15,000 cars per day. Additionally, the seller has a buildable lot for car storage located nearby at 513 Fremont St, measuring approximately 67 x 165, available for negotiations. The location has a walk score of 66, indicating it is somewhat walkable, and a bike score of 40, indicating it is somewhat bikeable. The owner will consider holding paper with the right terms.
Key Highlights
- Two commercial units providing twice the income potential.
- High‑traffic location with 12‑15,000 cars per day.
- Ample customer parking available in front, side, and rear.
Financial Insights For Retail
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 | $14.4k | $14.40 |
| − Vacancy | −$605 | −$0.60 |
| EGI | $13.8k | $13.80 |
| − OpEx | −$4.1k | −$4.14 |
| NOI | $9.7k | $9.66 |
1,000 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$138.0K
$120.7K – $161.0K
NOI $9,657 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$199.5K
$174.5K – $232.7K
NOI $13,962 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Central Market Florist — 12 W 1st St S W, Fulton, NY 13069
- Travis Floral Shop — Fulton, NY 13069
Frequently Asked Questions
What type of property is this?
Storefront property - Two commercial units with parking on a busy road.
Where is this storefront property located?
The property is located at 153 N 2nd St Fulton, NY.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two commercial units providing twice the income potential.; High‑traffic location with 12‑15,000 cars per day.; Ample customer parking available in front, side, and rear.
