East Syracuse Mixed-Use Investment Property

246 Kinne St, Dewitt, NY 13057

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For Sale

$325,000

Fully occupied commercial building with long-term tenants and steady income.

Type:Commercial

Property size:

2,500 SF

Price / SF:

$130/SF

HighLights

Fully occupied with long‑term tenants (minimart and hair salon) providing immediate and consistent cash flow.
High‑visibility corner location in the Village of East Syracuse at the corner of James Street and Kinne Street.
Approximately 7% cap rate based on current income and expenses.
Tenants responsible for their own utilities, resulting in predictable operating costs.
Large parking lot can accommodate 10‑14 cars, plus abundant street parking.
2,500 sq ft mixed‑use commercial building offering a stable investment opportunity.

We can help!

Listing Contact

Kristi Croniser

Learn more

For Sale

$325,000

Fully occupied commercial building with long-term tenants and steady income.

Type:Commercial

Property size:

2,500 SF

Price / SF:

$130/SF

Added:: Apr 4, 2026
Days on Market:: 72
Last Refresh:: Apr 4 at 6:55 am

Property Features for 246 Kinne St

General Information

Standard status: Active
Size: 2,500 SF
Property subtype: Commercial

Building Details

Year Built: 1970

We can help!

Listing Contact

Kristi Croniser

Listing agent Kristi Croniser License #10301220858

Listing office Hunt Real Estate ERA

Listing date Apr 4, 2026

Source Elliman

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 Hunt Real Estate ERA

HighLights

Fully occupied with long‑term tenants (minimart and hair salon) providing immediate and consistent cash flow.
High‑visibility corner location in the Village of East Syracuse at the corner of James Street and Kinne Street.
Approximately 7% cap rate based on current income and expenses.
Tenants responsible for their own utilities, resulting in predictable operating costs.
Large parking lot can accommodate 10‑14 cars, plus abundant street parking.
2,500 sq ft mixed‑use commercial building offering a stable investment opportunity.

Overview

Located on a high-visibility corner in the Village of East Syracuse, this 2,500 sq ft mixed-use commercial building presents a stable investment opportunity with existing long-term tenants. The property is fully occupied by a neighborhood minimart and a hair salon, both established businesses with a history of reliable tenancy. The salon has been operating at this location since the building's original construction. Both tenants are current on rent, providing immediate and consistent cash flow. Situated at the corner of James Street and Kinne Street, the property benefits from excellent exposure, steady traffic, and strong walkability, with public transportation conveniently located on the block. A large parking lot accommodates 10-14 cars, and there is abundant street parking available. Current rents total $2,710 per month, or $32,520 annually, with tenants responsible for their own utilities. The property operates at approximately a 7% cap rate based on current income and expenses. This property is suitable for investors seeking a low-maintenance property with dependable income in a well-established East Syracuse location. The bike score is 43, indicating it is somewhat bikeable, and the walk score is 33, indicating car-dependent accessibility.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$33.0k	$13.20
− Vacancy	−$1.4k	−$0.55
EGI	$31.6k	$12.65
− OpEx	−$9.5k	−$3.79
NOI	$22.1k	$8.85

2,500 SF · lease $13.20/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$316.1K

$276.6K – $368.8K (±1% cap)

NOI $22,130 @ 7.0% cap · market cap 6.81%

Second Best

—

no second resolved use

Theoretical Best

Office A

$434.5K

$380.2K – $506.9K (±1% cap)

NOI $30,413 @ 7.0% cap · market cap 9.36%

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

Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Dewitt
County: Onondaga
State: New York
Longitude: -76.0766687
Latitude: 43.0700812

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East Syracuse Duplex with Garage

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402 W Yates St, DeWitt, NY 13057

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$3,289,376

18,961 SF

Retail Space For Sale

Retail space available, offering 18,961 square feet.

3130 Erie Blvd E, De Witt, NY 13214

View Details

For sale
Retail space
NY
Dewitt
13057
246 Kinne St

What type of property is this?

Retail space - Fully occupied commercial building with long-term tenants and steady income.

Where is this retail space located?

The property is located at 246 Kinne St Dewitt, NY.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Fully occupied with long‑term tenants (minimart and hair salon) providing immediate and consistent cash flow.; High‑visibility corner location in the Village of East Syracuse at the corner of James Street and Kinne Street.; Approximately 7% cap rate based on current income and expenses.