Restaurant Property for
4418 S Salina St, Syracuse, NY 13205
For Sale
Contact for pricing
The existing restaurant building includes on-site parking and is being offered in its current condition.
Property Size3,500 SF
Price / SF$7.14
Days on Market671
Property Features for 4418 S Salina St
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Building Details
Year Built
Listing Agency:
Greater Syracuse Land Bank
Listed By:
Greater Syracuse Land Bank
(315) 422-2301
Source:
Gatewaypropertiesofupstateny
Added: Jan 8, 2025
Changed: Nov 8
Last Checked: Nov 8 at 7:54PM
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 Greater Syracuse Land Bank
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Investment Insights
Based on property information with market context.
The restaurant property contains approximately 3,500 square feet and was built in 1975. It requires major renovation and is offered as-is, without warranty or representations. A renovation work plan and proof of funds covering both the purchase and improvements are required with an application.
Completed offers are considered at the Board of Directors meeting, generally held on the third Tuesday of each month. Applications are due by the first Tuesday; applicants should confirm the current meeting dates and times.
Completed offers are considered at the Board of Directors meeting, generally held on the third Tuesday of each month. Applications are due by the first Tuesday; applicants should confirm the current meeting dates and times.
Key Highlights
- Approximately 3,500 SF restaurant building
- On‑site parking lot
- Built in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,776
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,520
$695.5K
Cap Rate 7%
$496,800
$496.8K
Cap Rate 9%
$386,400
$386.4K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$48.3K $13.80/SF
− Vacancy
−$1.9K −$0.55/SF
EGI
$46.4K $13.25/SF
− OpEx
−$11.6K −$3.31/SF
NOI
$34.8K $9.94/SF
Area
Syracuse, NY
Vacancy
4.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,520
Cap Rate 7%
$496,800
Cap Rate 9%
$386,400
Alternative Uses
Best Use
Specialty Retail
$496.8K
$434.7K – $579.6K
NOI $34,776 @ 7.0% cap · market cap 139.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$608.3K
$532.2K – $709.6K
NOI $42,578 @ 7.0% cap · market cap 170.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
459
Businesses Nearby
74k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 37%
Home Improvements & Furnishings 7%
Apparel 5%
Dollar Tree
Shops & Services
11,552 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,044 visits/mo
0.5 miles
Burger King
Dining
8,461 visits/mo
0.4 miles
Mobil
Shops & Services
6,628 visits/mo
0.2 miles
Dollar General
Shops & Services
5,698 visits/mo
0.3 miles
Demographics for 13205, NY
18,834
Population
8,868
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
83%
High-School Grad
3.6 sq mi
ZIP Area
5,232
Density / Sq Mi
$39,171
Median Household Income
$32,711
Median Earnings
$898
Median Rent
$96,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Syracuse, NY
Properties on Market for Conventional restaurants in Syracuse
Vacancy Rate% for Retail in Syracuse, NY
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The existing restaurant building includes on-site parking and is being offered in its current condition.
Where is this conventional restaurant located?
The property is located at 4418 S Salina St Syracuse, NY.
What are key features of this property?
This property features: Approximately 3,500 SF restaurant building; On‑site parking lot; Built in 1975
