Freestanding Restaurant
New
For Sale
Contact for pricing
369 S 2nd Street, Fulton, NY 13069
The existing structure can accommodate restaurant operations or a retail conversion.
Property Size1,560 SF
Price / SF$1.60
Days on Market3
Property Features for 369 S 2nd Street
General Information
Standard status
Active
Size
1,560 SF
Building Details
Buildings
1
Listing Agency:
Rooftop Realty Group LLC
(315) 944-2198
Listed By:
Mark Cardone · License #10491208497
(315) 456-8926
Source:
Nicholcityrealty
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:09AM
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 Rooftop Realty Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 369 S 2nd Street in Fulton, this freestanding building is identified for restaurant use. The property also offers the option to convert the space to retail, broadening its potential commercial function.
Dunkin’ Donuts, Wendy’s, and AT&T are situated across the street. The address is in Fulton, New York.
Dunkin’ Donuts, Wendy’s, and AT&T are situated across the street. The address is in Fulton, New York.
Key Highlights
- Freestanding building designated for restaurant use
- Retail conversion is an option
- 369 S 2nd Street in Fulton, NY
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,064
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,280
$301.3K
Cap Rate 7%
$215,200
$215.2K
Cap Rate 9%
$167,378
$167.4K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$22.5K $14.40/SF
− Vacancy
−$943 −$0.60/SF
EGI
$21.5K $13.80/SF
− OpEx
−$6.5K −$4.14/SF
NOI
$15.1K $9.66/SF
Area
Oswego County, NY
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$301,280
Cap Rate 7%
$215,200
Cap Rate 9%
$167,378
Alternative Uses
Best Use
Specialty Retail
$288.2K
$252.2K – $336.3K
NOI $20,175 @ 7.0% cap · market cap 807.00%
Second Best
Retail
$215.2K
$188.3K – $251.1K
NOI $15,064 @ 7.0% cap · market cap 602.56%
Theoretical Best
Office A
$311.2K
$272.3K – $363.0K
NOI $21,781 @ 7.0% cap · market cap 871.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
130k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Groceries 20%
Shops & Services 11%
Electronics 2%
Aldi
Groceries
17,860 visits/mo
0.4 miles
Dunkin' Donuts
Dining
17,436 visits/mo
0.1 miles
Burger King
Dining
16,139 visits/mo
0.2 miles
Taco Bell
Dining
15,254 visits/mo
0.2 miles
Wendy's
Dining
15,202 visits/mo
0.1 miles
Demographics for 13069, NY
24,071
Population
10,593
Households
2.3
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
109.9 sq mi
ZIP Area
219
Density / Sq Mi
$63,156
Median Household Income
$44,073
Median Earnings
$878
Median Rent
$112,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The existing structure can accommodate restaurant operations or a retail conversion.
Where is this conventional restaurant located?
The property is located at 369 S 2nd Street Fulton, NY.
What are key features of this property?
This property features: Freestanding building designated for restaurant use; Retail conversion is an option; 369 S 2nd Street in Fulton, NY
