C2 Zoned Commercial
34 Roosevelt Drive Whitesboro, NY 13492
For Sale
Contact for pricing
Commercial property with high visibility in a bustling business district.
Property Size1,866 SF
Price / SF$120.58
Days on Market917
Property Features for 34 Roosevelt Drive
General Information
- Standard status
- Active
- Size
- 1,866 SF
- Property subtype
- Retail, Land
Listing Agency:
Coldwell Banker Prime Properties
Listed By:
Nicole Bartolomie-Nucci · License #NY
Source:
Crexi
Added: Jan 21, 2024
Changed: Jul 10
Last Checked: Jul 25 at 12:40PM
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 Coldwell Banker Prime Properties
Investment Insights
Based on property information with market context.
This property, zoned C2 Commercial, presents an opportunity for business owners and entrepreneurs. It benefits from a high traffic count and excellent visibility within a busy business district. The property encompasses 1866 square feet. The main floor features a kitchen, a bathroom, and three to four multi-use rooms, suitable for various business needs. Additionally, there are three rooms upstairs, which could serve as office space or storage. On-site parking is available, complemented by on-street parking. A new furnace and hot water tank have been installed. The property is also approved for converted residential use.
Key Highlights
- C2 Commercial zoning in a high‑traffic, highly visible location.
- Approved for converted residential use.
- 1866 square feet of space with a versatile layout including a kitchen, bathroom, and multiple multi‑use rooms.
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 | $28.0k | $15.00 |
| − Vacancy | −$1.2k | −$0.63 |
| EGI | $26.8k | $14.37 |
| − OpEx | −$8.0k | −$4.31 |
| NOI | $18.8k | $10.06 |
1,866 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$268.1K
$234.6K – $312.8K
NOI $18,770 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$491.7K
$430.3K – $573.7K
NOI $34,421 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Commercial property with high visibility in a bustling business district.
Where is this retail space located?
The property is located at 34 Roosevelt Drive Whitesboro, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: C2 Commercial zoning in a high‑traffic, highly visible location.; Approved for converted residential use.; **1866 square feet of space with a versatile layout including a kitchen, bathroom, and multiple multi‑use rooms.**
