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    Leased Industrial Investment Opportunity Title is generated by Realmo AI

    2338 Broad St, Frankfort, NY 13340

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    Fully leased industrial property in Frankfort, NY with highway access.

    Type:Industrial
    Property size:
    8,760 SF
    Lot size:
    0.60 Acres
    Price / SF:
    $125/SF
    Added:
    Feb 24, 2026
    Days on Market:
    131
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 2338 Broad St

    General Information

    Standard status
    Active
    Size
    8,760 SF
    Lot size
    0.60 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1940

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    Ryan Jenkins
    Ryan Jenkins

    Listing office IronHorn Enterprises

    Listing date Feb 24, 2026

    Source Crexi

    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 IronHorn Enterprises

    HighLights

    • Fully leased industrial investment opportunity.
    • Strategic location near NYS Route 5S and I‑90 (NYS Thruway) for regional accessibility.
    • 8,760 square feet of space on 0.60 acres.
    • Functional upgrades from 2012 expansion.
    • Six drive‑in doors.
    • 14’–16’ clear heights.

    Overview

    Located in the Village of Frankfort, 2338 Broad Street is a fully leased industrial property offering an investment opportunity. The building provides 8,760 square feet of space on a 0.60-acre lot. Constructed in 1940 and expanded in 2012, the property combines durable construction with functional upgrades. It features clear heights of 14 to 16 feet and includes six drive-in doors. Approximately 15% of the building is dedicated to office space. The layout is suitable for light manufacturing, contractor services, or other service-oriented uses. The property is positioned just off NYS Route 5S and is minutes from I-90 (NYS Thruway), providing east-west connectivity across Central New York. It also allows quick access to Utica, Syracuse, and the broader Mohawk Valley logistics corridor.

    Local Financial Insights For Flex RnD

    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 $115.6k $13.20
    − Vacancy −$13.9k −$1.58
    EGI $101.8k $11.62
    − OpEx −$35.6k −$4.07
    NOI $66.1k $7.55
    8,760 SF · lease $13.20/SF/yr · vacancy 12.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $944.9K
    $826.8K – $1.10M (±1% cap)
    NOI $66,142 @ 7.0% cap · market cap 6.01%
    Second Best
    Warehouse
    $939.8K
    $822.4K – $1.10M (±1% cap)
    NOI $65,788 @ 7.0% cap · market cap 5.98%
    Theoretical Best
    Office A
    $2.31M
    $2.02M – $2.69M (±1% cap)
    NOI $161,590 @ 7.0% cap · market cap 14.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Northeast TRP Auto Parts Store National Tire Warehouse ... Big Box & Wholesale Store

    Suggested Use

    Law Firm Hair Salon Restaurant Gym & Fitness Center Kitchen & Bath Showroom Bar & Pub Discount Store Cafe & Coffee Shop Car Rental Facility Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Oneida
    State
    New York
    Longitude
    -75.1725158
    Latitude
    43.0896841

    FAQs

    What type of property is this?
    Flex space - Fully leased industrial property in Frankfort, NY with highway access.
    Where is this flex space located?
    The property is located at 2338 Broad St Frankfort, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Fully leased industrial investment opportunity.; Strategic location near NYS Route 5S and I‑90 (NYS Thruway) for regional accessibility.; 8,760 square feet of space on 0.60 acres.
    More about this property
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