Automotive Service Garage with
For Sale
Contact for pricing
523 W Genesee St, Syracuse, NY 13204
2,848± SF auto shop with three drive-in garage bays and ample parking on a 0.658± acre lot.
Property Size2,848 SF
Price / SF$210.67
Days on Market155
Property Features for 523 W Genesee St
General Information
Standard status
Active
Size
2,848 SF
Property subtype
RETAIL
Listing Agency:
CBRE | Syracuse
(315) 491-3646
Listed By:
Bill Anninos · License #30AN0998974
(315) 491-3646
Source:
Moodyscre
Added: Feb 25
Changed: Jul 28
Last Checked: Jul 28 at 1:48AM
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 CBRE | Syracuse
Investment Insights
Based on property information with market context.
This automotive service property offers a 2,848± SF building configured with three drive-in garage bays. The site includes ample parking on a 28,650± SF (0.658± acre) lot, along with a pylon sign for visibility.
The property is positioned at a signalized intersection with curb cuts on W Genesee St and Plum St, providing convenient access. It is also located about a half block from the I-690 offramp, supporting easy ingress and egress for customers and deliveries.
The property is positioned at a signalized intersection with curb cuts on W Genesee St and Plum St, providing convenient access. It is also located about a half block from the I-690 offramp, supporting easy ingress and egress for customers and deliveries.
Key Highlights
- 2,848± SF auto shop building
- Three drive‑in garage bays
- Ample parking on a 28,650± SF (0.658± acre) lot
Financial Insights For Retail
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 | $37.6k | $13.20 |
| − Vacancy | −$1.6k | −$0.55 |
| EGI | $36.0k | $12.65 |
| − OpEx | −$10.8k | −$3.79 |
| NOI | $25.2k | $8.85 |
2,848 SF · lease $13.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$360.1K
$315.1K – $420.2K
NOI $25,210 @ 7.0% cap · market cap 4.20%
Second Best
Industrial
$181.4K
$158.7K – $211.6K
NOI $12,695 @ 7.0% cap · market cap 2.12%
Theoretical Best
Office A
$494.9K
$433.1K – $577.4K
NOI $34,646 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,023
Businesses Nearby
66k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 21%
Hotels & Casinos 19%
Dinosaur Bar-B-Que
Dining
18,818 visits/mo
0.3 miles
Burger King
Dining
13,296 visits/mo
0.5 miles
Courtyard by Marriott Syracuse Downtown at Armory Square
Hotels & Casinos
12,689 visits/mo
0.3 miles
Spaghetti Warehouse
Dining
7,513 visits/mo
0.5 miles
Bank of America
Shops & Services
4,792 visits/mo
0.5 miles
Demographics for 13204, NY
19,752
Population
10,410
Households
1.9
Avg Household Size
31
Median Age
26%
College-Educated
84%
High-School Grad
4.3 sq mi
ZIP Area
4,593
Density / Sq Mi
$42,585
Median Household Income
$35,609
Median Earnings
$1,054
Median Rent
$97,400
Median Home Value
Market
Vacancy Rate% for Retail in Syracuse, NY
Questions? Ask Rey
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Similar Off Market Nearby
- Ab Towing — 501 Marcellus St, Syracuse, NY 13204
- RACEShopper — 210 Gifford St, Syracuse, NY 13202
- Bolivar's Tire — 671 Gifford St, Syracuse, NY 13204
- Auto care solutions — N/A, Syracuse, NY 13201
- Ss auto sales and services — 519 S Geddes St, Syracuse, NY 13204
Frequently Asked Questions
What type of property is this?
Auto shop - 2,848± SF auto shop with three drive-in garage bays and ample parking on a 0.658± acre lot.
Where is this auto shop located?
The property is located at 523 W Genesee St 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: 2,848± SF auto shop building; Three drive‑in garage bays; Ample parking on a 28,650± SF (0.658± acre) lot
