Restaurant Building with Pylon
New
For Sale
$425,000
386 Grant Avenue, Auburn, NY 13021
On-site parking serves a property along Grant Avenue’s retail corridor.
Property Size2,850 SF
Lot Size1.22 Acres
Price / SF$149.12
Days on Market3
Property Features for 386 Grant Avenue
General Information
Standard status
Active
Size
2,850 SF
Lot size
1.22 Acres
Property subtype
Retail
Additional Details
Pylon Signage
Yes
Building Details
Building Size
2,850 SF
Buildings
1
Tenancy
Single
Listing Agency:
Syracuse Office
Listed By:
Andrew Sheedy
(315) 445-8525
Source:
Pyramidbrokerage
Added: Oct 16
Last Checked: Oct 16 at 2:22PM
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
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Investment Insights
Based on property information with market context.
This 2,850 SF restaurant building occupies approximately 1.22 acres in Auburn, New York. The property was previously used as a Pizza Hut and includes pylon signage and on-site parking.
Grant Avenue places the site within Auburn’s retail corridor, with access from the avenue.
Grant Avenue places the site within Auburn’s retail corridor, with access from the avenue.
Key Highlights
- 2,850 SF commercial building on approximately 1.22 acres
- Previously occupied by Pizza Hut
- Pylon signage on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,859
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,180
$737.2K
Cap Rate 7%
$526,557
$526.6K
Cap Rate 9%
$409,544
$409.5K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$51.3K $18.00/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$49.1K $17.24/SF
− OpEx
−$12.3K −$4.31/SF
NOI
$36.9K $12.93/SF
Area
Cayuga County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,180
Cap Rate 7%
$526,557
Cap Rate 9%
$409,544
Alternative Uses
Best Use
Specialty Retail
$526.6K
$460.7K – $614.3K
NOI $36,859 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$631.6K
$552.7K – $736.9K
NOI $44,214 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
53k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 38%
Superstores 29%
Shops & Services 23%
Dining 10%
Tractor Supply Co.
Home Improvements & Furnishings
20,284 visits/mo
0.3 miles
Big Lots
Superstores
15,264 visits/mo
0.2 miles
Kwik Fill
Shops & Services
5,834 visits/mo
0.4 miles
Pizza Hut
Dining
5,306 visits/mo
0.0 miles
Visionworks
Shops & Services
2,850 visits/mo
0.4 miles
Demographics for 13021, NY
38,479
Population
18,847
Households
2
Avg Household Size
44
Median Age
27%
College-Educated
91%
High-School Grad
119.2 sq mi
ZIP Area
323
Density / Sq Mi
$58,946
Median Household Income
$41,990
Median Earnings
$874
Median Rent
$169,300
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 - On-site parking serves a property along Grant Avenue’s retail corridor.
Where is this conventional restaurant located?
The property is located at 386 Grant Avenue Auburn, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,850 SF commercial building on approximately 1.22 acres; Previously occupied by Pizza Hut; Pylon signage on site
