Retail Building on Erie
2043 Erie Blvd East Syracuse, NY
2043 Erie Blvd East, Syracuse, NY, 00000
$1,900,000
For Sale
$1,900,000
Three-tenant retail building on a busy corridor, built in 2009.
Property Size9,049 SF
Price / SF$209.97
Days on Market299
Property Features for 2043 Erie Blvd East
General Information
- Standard status
- Active
- Size
- 9,049 SF
- Property subtype
- Retail
Listing Agency
Syracuse Office
(315) 445-8515
Listed by
Donald R. O'Leary
(315) 445-8515
Source
Pyramidbrokerage
Added: Sep 25, 2025 Checked: Jul 20 at 1:42 am
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 Syracuse Office
Investment Insights
Based on property information with market context.
This is a three-tenant building constructed in 2009, located on a busy retail corridor. The property is mostly NNN/modified gross leased. Tenants include Subway, Metro by T-Mobile, and HTG Supply. The building is situated next to Aldi's and across the street from Advance Auto Part and Family Dollar. There is additional paved area in the rear of the building for deliveries and overflow parking.
Key Highlights
- High‑traffic retail corridor location
- NNN/modified gross leases in place
- Established tenants: Subway, Metro by T‑Mobile, and HTG Supply
Local Financial Insights For Specialty 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 | $124.9k | $13.80 |
| − Vacancy | −$5.0k | −$0.55 |
| EGI | $119.9k | $13.25 |
| − OpEx | −$30.0k | −$3.31 |
| NOI | $89.9k | $9.94 |
9,049 SF · lease $13.80/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,911 @ 7.0% cap · market cap 4.73%
Second Best
Retail
$1.14M
$1.00M – $1.34M
NOI $80,101 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,082 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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 For Sale Nearby
FAQs
What type of property is this?
Retail space - Three-tenant retail building on a busy corridor, built in 2009.
Where is this retail space located?
The property is located at 2043 Erie Blvd East Syracuse, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: High‑traffic retail corridor location; NNN/modified gross leases in place; Established tenants: **Subway, Metro by T‑Mobile, and HTG Supply**
