Retail Center Building with
2043 Erie Blvd E Syracuse, NY 13224
For Sale
Contact for pricing
Built in 2009, this three-tenant retail building offers 1,541± SF available with prominent building and pylon signage.
Property Size9,049 SF
Lot Size2.00 Acres
Price / SF$198.92
Days on Market683
Property Features for 2043 Erie Blvd E
General Information
- Standard status
- Active
- Size
- 9,049 SF
- Lot size
- 2.00 Acres
- Property subtype
- RETAIL
Listing Agency:
Cushman & Wakefield | Pyramid Brokerage - Syracuse
(315) 415-2505
Listed By:
Donald O’Leary
(315) 415-2505
Source:
Moodyscre
Added: Sep 9, 2024
Changed: Jul 23
Last Checked: Jul 23 at 6:14AM
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 Cushman & Wakefield | Pyramid Brokerage - Syracuse
Investment Insights
Based on property information with market context.
This is a three-tenant retail property built in 2009, with 1,541± SF available in a center space of the building. The property is designed to support storefront retail, and it features signage on both the building and a pylon sign.
The building is situated on approximately two acres with 196’ of frontage on Erie Blvd East. It is positioned on an extremely busy retail corridor with convenient access between two interstate interchanges, placing it near downtown, university communities, and hospitals.
Other retailers in the surrounding area include Aldi, Family Dollar, Advance Auto Parts, Burger King, and Price Rite. The current offering provides an opportunity to join an established retail environment along Erie Blvd East.
The building is situated on approximately two acres with 196’ of frontage on Erie Blvd East. It is positioned on an extremely busy retail corridor with convenient access between two interstate interchanges, placing it near downtown, university communities, and hospitals.
Other retailers in the surrounding area include Aldi, Family Dollar, Advance Auto Parts, Burger King, and Price Rite. The current offering provides an opportunity to join an established retail environment along Erie Blvd East.
Key Highlights
- Built in 2009 three‑tenant retail building with 1,541± SF available in the center space
- 196' frontage on Erie Blvd East; property sits on approximately two acres
- Great signage with both building signage and a pylon sign
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 | $119.4k | $13.20 |
| − Vacancy | −$5.0k | −$0.55 |
| EGI | $114.4k | $12.65 |
| − OpEx | −$34.3k | −$3.79 |
| NOI | $80.1k | $8.85 |
9,049 SF · lease $13.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.14M
$1.00M – $1.34M
NOI $80,101 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,082 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Subway
Take-out & Catering
JKS Home Improvement
Hardware & Home Improvement
JKS Roofing
Roofing Company
HTG Supply Hydroponics ...
Factory
Similar Off Market Nearby
- Distribuidora Martinez — 1006 Sunnycrest Rd, Syracuse, NY 13206
- Tienda De Traje Quinciañera — Erie Blvd E, Syracuse, NY 13224
FAQs
What type of property is this?
Shopping center - Built in 2009, this three-tenant retail building offers 1,541± SF available with prominent building and pylon signage.
Where is this shopping center located?
The property is located at 2043 Erie Blvd E Syracuse, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Built in 2009 three‑tenant retail building with 1,541± SF available in the center space; 196' frontage on Erie Blvd East; property sits on approximately two acres; Great signage with both building signage and a pylon sign
