Turnkey Bakery with Walk-In
505 Main Street North, Syracuse, NY 13212
For Sale
$600,000
Bakery space with walk-in cooler and freezer, onsite grease trap, and a history of ongoing operations in a highly visible retail setting.
Property Size2,700 SF
Price / SF$222.22
Days on Market147
Property Features for 505 Main Street North
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Grease Trap
Building Details
Building Size
Listing Agency:
Syracuse Office
Listed By:
Elaina Pirro
(315) 445-8520
Source:
Pyramidbrokerage
Added: Jun 16
Changed: Nov 4
Last Checked: Nov 8 at 2:24AM
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 property operates as a turnkey bakery option and can come equipped, with equipment available to be negotiated as part of the sale. The space includes a large retail area plus dedicated walk-in storage: a walk-in cooler and a walk-in freezer, each sized 8' x 16'. The walk-in freezer was updated in 2025. An onsite grease trap supports food preparation needs, and the roof and exterior building were addressed approximately 7 years ago.
Located at 505 Main Street North in Syracuse, NY, the bakery is positioned in a highly visible retail location on Route 11 and has supported operations for more than 20 years. The immediate area includes a concentration of major retailers, with nearby examples cited in the listing such as Lowe’s, Harbor Freight, Home Depot, McDonald’s, Taco Bell, Panera, KFC, Starbucks, Chick-fil-A, and others.
For buyers seeking a food-focused, retail-front bakery setup, the existing kitchen-adjacent infrastructure and included cold storage can reduce start-up work. With equipment availability tied to the sale and key building components addressed within the last decade, the property may fit an operator looking for an established bakery footprint in a heavily trafficked corridor serving major retail destinations.
Located at 505 Main Street North in Syracuse, NY, the bakery is positioned in a highly visible retail location on Route 11 and has supported operations for more than 20 years. The immediate area includes a concentration of major retailers, with nearby examples cited in the listing such as Lowe’s, Harbor Freight, Home Depot, McDonald’s, Taco Bell, Panera, KFC, Starbucks, Chick-fil-A, and others.
For buyers seeking a food-focused, retail-front bakery setup, the existing kitchen-adjacent infrastructure and included cold storage can reduce start-up work. With equipment availability tied to the sale and key building components addressed within the last decade, the property may fit an operator looking for an established bakery footprint in a heavily trafficked corridor serving major retail destinations.
Key Highlights
- Bakery with a 20+ year operating history on Route 11 in North Syracuse
- Large retail area plus walk‑in cooler and walk‑in freezer (both 8' x 16')
- Freezer updated in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,827
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,540
$536.5K
Cap Rate 7%
$383,243
$383.2K
Cap Rate 9%
$298,078
$298.1K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$37.3K $13.80/SF
− Vacancy
−$1.5K −$0.55/SF
EGI
$35.8K $13.25/SF
− OpEx
−$8.9K −$3.31/SF
NOI
$26.8K $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%
$536,540
Cap Rate 7%
$383,243
Cap Rate 9%
$298,078
Alternative Uses
Best Use
Specialty Retail
$383.2K
$335.3K – $447.1K
NOI $26,827 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.2K
$410.6K – $547.4K
NOI $32,846 @ 7.0% cap · market cap 5.47%
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
Lease Details
Turnkey business
Opportunity
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
76k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 34%
Home Improvements & Furnishings 20%
Beauty & Spa 4%
Harbor Freight Tools
Home Improvements & Furnishings
13,155 visits/mo
0.2 miles
Dunkin' Donuts
Dining
11,866 visits/mo
0.3 miles
Gulf Oil
Shops & Services
9,707 visits/mo
0.5 miles
Dollar General
Shops & Services
8,153 visits/mo
0.2 miles
7-Eleven
Shops & Services
6,675 visits/mo
0.4 miles
Demographics for 13212, NY
20,220
Population
9,213
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
93%
High-School Grad
11.1 sq mi
ZIP Area
1,822
Density / Sq Mi
$74,931
Median Household Income
$45,740
Median Earnings
$1,027
Median Rent
$157,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Bakery space with walk-in cooler and freezer, onsite grease trap, and a history of ongoing operations in a highly visible retail setting.
Where is this conventional restaurant located?
The property is located at 505 Main Street North Syracuse, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Bakery with a 20+ year operating history on Route 11 in North Syracuse; Large retail area plus walk‑in cooler and walk‑in freezer (both 8' x 16'); Freezer updated in 2025
