Office Building with Split
430 S Main St Syracuse, NY 13212
For Sale
$549,900
Well-maintained office building offers a built-out suite plus adjacent open shell space on a 15,000 SF lot.
Property Size5,000 SF
Lot Size0.34 Acres
Price / SF$109.98
Days on Market9
Property Features for 430 S Main St
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.34 Acres
Listing Agency:
Home With Us Realty Group, LLC
(315) 427-6379
Listed By:
Jason Klink · License #10401298650
(315) 427-6379
Source:
Exprealty
Added: Jul 16
Changed: Jul 23
Last Checked: Jul 23 at 9:46PM
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 Home With Us Realty Group, LLC
Investment Insights
Based on property information with market context.
Well-maintained 5,000 SF office building on a 15,000 SF lot offers two distinct sides for flexible occupancy. The right side is fully built out as a professional office suite with multiple private offices featuring soundproof insulation, two conference rooms with CAT6 and electrical pre-wiring for AV equipment, and updated carpet-tile flooring with replacement tiles on hand. This build-out includes new walls, insulation, doors, and fresh paint throughout, along with upgraded electrical service, new panels, and CAT6 data cabling to every workspace.
The left side provides 2,100 SF of open shell space ready for a custom tenant or owner build-out. Building-wide improvements include new furnaces and central air conditioning on both sides, a flat roof with new soffit, new exterior steel doors, and a rear emergency exit steel staircase with a concrete pad. Additional upgrades include a security camera system with audio/video and infrared capability, upgraded electrical service to exterior signage with timer-controlled lighting, and a new hot water tank, with a main dividing wall incorporating interwoven fireproof insulation.
The property is located on South Main Street in the established business corridor of North Syracuse, with convenient access to I-81 and I-481 and approximately 3 miles from Syracuse Hancock International Airport. The OCWA water main and meter have been replaced.
The left side provides 2,100 SF of open shell space ready for a custom tenant or owner build-out. Building-wide improvements include new furnaces and central air conditioning on both sides, a flat roof with new soffit, new exterior steel doors, and a rear emergency exit steel staircase with a concrete pad. Additional upgrades include a security camera system with audio/video and infrared capability, upgraded electrical service to exterior signage with timer-controlled lighting, and a new hot water tank, with a main dividing wall incorporating interwoven fireproof insulation.
The property is located on South Main Street in the established business corridor of North Syracuse, with convenient access to I-81 and I-481 and approximately 3 miles from Syracuse Hancock International Airport. The OCWA water main and meter have been replaced.
Key Highlights
- Well‑maintained 5,000 SF commercial office building on a 15,000 SF lot on S Main St in North Syracuse.
- Two distinct sides for flexible use: 2,900 SF right side fully built out as a professional office suite.
- Right‑side build‑out includes multiple private offices with soundproof insulation and two virtual‑conference‑capable conference rooms pre‑wired with CAT6 and electrical.
Financial Insights For Office B
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 | $75.0k | $15.00 |
| − Vacancy | −$10.9k | −$2.18 |
| EGI | $64.1k | $12.83 |
| − OpEx | −$16.0k | −$3.21 |
| NOI | $48.1k | $9.62 |
5,000 SF · lease $15.00/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$687.1K
$601.2K – $801.6K
NOI $48,094 @ 7.0% cap · market cap 8.75%
Second Best
Healthcare Medical
$666.0K
$582.8K – $777.0K
NOI $46,620 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$868.9K
$760.3K – $1.01M
NOI $60,826 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Victor Bonin
Pharmacy
Lockhart Law Office, ...
Law Firm
Beth A. Lockhart, Esq.
Law Firm
Romeo's Salon
Hair Salon
FAQs
What type of property is this?
Office building - Well-maintained office building offers a built-out suite plus adjacent open shell space on a 15,000 SF lot.
Where is this office building located?
The property is located at 430 S Main St Syracuse, NY.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Well‑maintained 5,000 SF commercial office building on a 15,000 SF lot on S Main St in North Syracuse.; Two distinct sides for flexible use: 2,900 SF right side fully built out as a professional office suite.; Right‑side build‑out includes multiple private offices with soundproof insulation and two virtual‑conference‑capable conference rooms pre‑wired with CAT6 and electrical.
