Bakery-Approved
New
For Sale
Contact for pricing
55 W 1st Street S, Fulton, NY 13069
A retail setting with existing kitchen equipment and space for customer service and baking operations.
Property Size10,440 SF
Price / SF$0.10
Days on Market5
Property Features for 55 W 1st Street S
General Information
Standard status
Active
Size
10,440 SF
Listing Agency:
Capital Region Preferred Prop
Listed By:
Janet Knopp · License #49KN1136738
(315) 317-3317
Source:
Nicholcityrealty
Added: Oct 19
Last Checked: Oct 23 at 6:51AM
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 Capital Region Preferred Prop
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront is approved for bakery use and includes most of the existing equipment. The interior can accommodate a service counter, display cases, and a production area, with room to include seating as part of the layout.
Located at 55 W 1st Street S in Fulton, the property combines retail frontage with an established bakery-use approval and kitchen equipment in place.
Located at 55 W 1st Street S in Fulton, the property combines retail frontage with an established bakery-use approval and kitchen equipment in place.
Key Highlights
- Approved for bakery use
- Most existing equipment remains with the property
- Interior can accommodate a counter, display cases, production space, and optional seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,569
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,380
$1.3M
Cap Rate 7%
$922,414
$922.4K
Cap Rate 9%
$717,433
$717.4K
Market Conditions
NOI Build-Up for 10,440 SF
Gross rent
$99.0K $9.48/SF
− Vacancy
−$6.7K −$0.64/SF
EGI
$92.2K $8.84/SF
− OpEx
−$27.7K −$2.65/SF
NOI
$64.6K $6.18/SF
Area
Oswego County, NY
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,380
Cap Rate 7%
$922,414
Cap Rate 9%
$717,433
Alternative Uses
Best Use
Specialty Retail
$1.93M
$1.69M – $2.25M
NOI $135,021 @ 7.0% cap · market cap 13,502.10%
Second Best
Retail
$1.44M
$1.26M – $1.68M
NOI $100,815 @ 7.0% cap · market cap 10,081.50%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,766 @ 7.0% cap · market cap 14,576.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
728
Businesses Nearby
132k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 19%
Groceries 19%
Price Chopper Supermarkets
Groceries
24,731 visits/mo
0.4 miles
Dunkin' Donuts
Dining
17,436 visits/mo
0.4 miles
Burger King
Dining
16,139 visits/mo
0.2 miles
Wendy's
Dining
15,202 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,734 visits/mo
0.3 miles
Demographics for 13069, NY
24,071
Population
10,593
Households
2.3
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
109.9 sq mi
ZIP Area
219
Density / Sq Mi
$63,156
Median Household Income
$44,073
Median Earnings
$878
Median Rent
$112,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Travis Floral Shop — Fulton, NY 13069
- Central Market Florist — 12 W 1st St S W, Fulton, NY 13069
Frequently Asked Questions
What type of property is this?
Storefront property - A retail setting with existing kitchen equipment and space for customer service and baking operations.
Where is this storefront property located?
The property is located at 55 W 1st Street S Fulton, NY.
What are key features of this property?
This property features: Approved for bakery use; Most existing equipment remains with the property; Interior can accommodate a counter, display cases, production space, and optional seating
