Mixed-Use Building with Flex Space

4 Slocombe Ave Marcellus, NY 13108

Claim this Listing
For Sale
$450,000

Updated mixed-use building offering multiple commercial spaces and a 2-bedroom apartment with dedicated parking.

Property size:
7,584 SF
Price / SF:
$59/SF
Added:
Aug 16, 2025
Days on Market:
331
Last Refresh:
Jun 24 at 6:20 am

Property Features for 4 Slocombe Ave

General Information

Standard status
Active
Size
7,584 SF

Listing office Howard Hanna Real Estate

Listing date Aug 16, 2025

Source Exprealty

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


Investment Insights

Based on property information with market context.

This mixed-use property on 4 Slocombe Ave offers multiple configuration options, with 4 possible units comprised of three commercial/mixed-use spaces and a 2-bedroom apartment on the top floor. The building has undergone a recent transformation, including new siding, roofing elements, roof windows, porches, steps, and gutters. Current commercial setups include three office spaces plus a large front flex space. The left side includes two large spaces and a kitchen, and each of the three commercial spaces has its own separate bathroom.

The lower level features high ceilings and was previously used as a daycare, with direct walk-out access to the back parking lot for potential loading or unloading. The property includes 8 designated parking spaces, along with additional spaces shared with the town; the town maintains the parking lot. An electric charging port is also available.

With mixed-use zoning and a mix of office-ready rooms, a large flex area, and a walk-out lower level, the building can support a range of business and service uses. A buyer or operator can also consider occupying portions of the commercial space while generating residential income from the top-floor apartment, while leveraging the on-site parking layout for tenant and customer convenience.

Key Highlights

  • Updated mixed‑use building with 3 commercial/mixed‑use spaces and a 2‑bedroom apartment on the top floor
  • Recently transformed exterior: new siding, roof, windows, porches, steps, and gutters
  • Commercial layout includes 3 office spaces plus a large front flex space, with multiple possible uses

Local Financial Insights For Industrial

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 $52.3k $6.89
− Vacancy −$3.6k −$0.48
EGI $48.6k $6.41
− OpEx −$14.6k −$1.92
NOI $34.1k $4.49
7,584 SF · lease $6.89/SF/yr · vacancy 6.90% · expense 30.00%

Alternative Uses

Best Use
Office B
$1.14M
$999.8K – $1.33M (±1% cap)
NOI $79,982 @ 7.0% cap · market cap 17.77%
Second Best
Mixed Use
$1.01M
$882.5K – $1.18M (±1% cap)
NOI $70,602 @ 7.0% cap · market cap 15.69%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M (±1% cap)
NOI $92,260 @ 7.0% cap · market cap 20.50%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

(Bike/Boat/Book/etc) Store Big Box & Wholesale Store Bakery (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Veterinary Clinic (Bike/Boat/Book/etc) Store Building Supply Acupuncture

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

FAQs

What type of property is this?
Mixed-use property - Updated mixed-use building offering multiple commercial spaces and a 2-bedroom apartment with dedicated parking.
Where is this mixed-use property located?
The property is located at 4 Slocombe Ave Marcellus, NY.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Updated mixed‑use building with 3 commercial/mixed‑use spaces and a 2‑bedroom apartment on the top floor; Recently transformed exterior: new siding, roof, windows, porches, steps, and gutters; Commercial layout includes 3 office spaces plus a large front flex space, with multiple possible uses
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message