Fitness Studio Space

For Sale

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39 Jordan Street, Skaneateles, NY 13152

Flexible commercial suite with central air, private restroom access, and dedicated off-street parking.

Property Size4,040 SF

Price / SF$0.37

Days on Market95

Property Features for 39 Jordan Street

General Information

Standard status Active

Size 4,040 SF

Total Parking Spaces 1

Additional Details

Utilities to Site Yes

Amenities

central air conditioning

shared laundry facilities

private bathroom

Listing Agency: Howard Hanna Real Estate

Listed By: Catherine Armijo

Source: Nicholcityrealty

Added: Jul 15 Changed: Oct 3 Last Checked: Oct 16 at 8:28AM

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 Howard Hanna Real Estate

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Investment Insights

Based on property information with market context.

This 616-square-foot commercial suite is configured for fitness, wellness, or other studio-oriented business uses. The space most recently accommodated a Pilates operation and includes central air conditioning, a private bathroom, shared laundry facilities, and one dedicated off-street parking space.

Located at 39 Jordan Street in the Village of Skaneateles, the property is positioned in the village center. The layout may also accommodate professional services, boutique retail, and creative business uses, subject to applicable requirements.

Key Highlights

616 SF commercial suite
Central air conditioning
Dedicated off‑street parking space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,607

Suggested Prices Based on Cap Rates

Cap Rate 5%

$852,140 $852.1K

Cap Rate 7%

$608,671 $608.7K

Cap Rate 9%

$473,411 $473.4K

Market Conditions

NOI Build-Up for 4,040 SF

Gross rent

$65.4K $16.20/SF

− Vacancy

−$8.6K −$2.14/SF

EGI

$56.8K $14.06/SF

− OpEx

−$14.2K −$3.52/SF

NOI

$42.6K $10.55/SF

Area

Onondaga County, NY

Vacancy

13.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$852,140

Cap Rate 7%

$608,671

Cap Rate 9%

$473,411

Alternative Uses

Best Use

Office B

$608.7K

$532.6K – $710.1K (±1% cap)

NOI $42,607 @ 7.0% cap · market cap 2,840.47%

Second Best

—

no second resolved use

Theoretical Best

Office A

$702.1K

$614.3K – $819.1K (±1% cap)

NOI $49,147 @ 7.0% cap · market cap 3,276.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Pilates with Chloe Gym & Fitness Center

Suggested Use

Top Pick Auto Parts Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Auto Repair Shop Catering Service Plumbing Service

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

500

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 13152, NY

7,696

Population

4,044

Households

1.9

Avg Household Size

Median Age

55%

College-Educated

96%

High-School Grad

63.3 sq mi

ZIP Area

122

Density / Sq Mi

$102,727

Median Household Income

$54,688

Median Earnings

$990

Median Rent

$427,600

Median Home Value

Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more

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Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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