Automotive Shop on Corner
For Sale
$629,900
583 S Main Street, Central Square, NY 13036
CommercialSale, Central Square, NY
Property Size7,080 SF
Lot Size0.55 Acres
Price / SF$88.97
Days on Market258
Property Features for 583 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM1
Zoning description
Commercial
Parking
15
Parking features
Paved or Surfaced
Accessibility
Accessible Approach with Ramp
Subdivision
Scribas Patent
Lot features
Rectangular, Rectangular Lot
Middle school
Central Square Middle
High school
Paul V Moore High
Elementary school district
Central Square
Middle school district
Central Square
High school district
Central Square
Directions
81 to Central Square Exit. head West, take a left onto Route 11 Building on the right. (corner of 11 and Tucker)
Standard status
Active
APN
353201-276-014-0002-004-200-0000
Size
7,080 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Annual Amount
6839
Building Details
Year built
1984
Floors in Building
2
Flooring type
Concrete
Building materials
Block, WoodSiding
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Candy Costa Real Estate LLC
(315) 505-6609
Listed By:
Candy Costa · License #10491209117
(315) 447-0668
Added: Dec 7, 2025
Changed: Aug 20
Last Checked: Aug 22 at 5:06AM
MLS# S1649212
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive property at 583 S Main Street includes a 7,080-square-foot building on a 0.5452-acre corner parcel. Constructed in 1984, the improvements feature block and wood siding, concrete flooring, and an asphalt shingle roof. Paved or surfaced parking and an accessible approach with ramp are also provided.
The property has a documented history of automotive business use spanning more than 40 years. It is identified under COM1 zoning and is located in Central Square, Oswego County, New York, with the 13036 postal designation. The corner-lot setting and existing automotive-oriented improvements provide a defined commercial property profile.
The property has a documented history of automotive business use spanning more than 40 years. It is identified under COM1 zoning and is located in Central Square, Oswego County, New York, with the 13036 postal designation. The corner-lot setting and existing automotive-oriented improvements provide a defined commercial property profile.
Key Highlights
- 7,080‑square‑foot building on a 0.5452‑acre corner lot
- Automotive business history spanning over 40 years
- COM1 zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,788
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$875,760
$875.8K
Cap Rate 7%
$625,543
$625.5K
Cap Rate 9%
$486,533
$486.5K
Market Conditions
NOI Build-Up for 7,080 SF
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.
Gross rent
$67.1K $9.48/SF
− Vacancy
−$4.6K −$0.64/SF
EGI
$62.6K $8.84/SF
− OpEx
−$18.8K −$2.65/SF
NOI
$43.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$875,760
Cap Rate 7%
$625,543
Cap Rate 9%
$486,533
Alternative Uses
Best Use
Retail
$976.7K
$854.6K – $1.14M
NOI $68,369 @ 7.0% cap · market cap 10.85%
Second Best
Industrial
$625.5K
$547.4K – $729.8K
NOI $43,788 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,853 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Jreck Subs
Dining
3,484 visits/mo
0.3 miles
Demographics for 13036, NY
8,601
Population
3,959
Households
2.2
Avg Household Size
45
Median Age
22%
College-Educated
94%
High-School Grad
46.1 sq mi
ZIP Area
187
Density / Sq Mi
$87,610
Median Household Income
$45,448
Median Earnings
$960
Median Rent
$173,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Chevrolet Service Center — 746 N Main St suite a, Central Square, NY 13036
- Chauvaux's Service Center — 473 US-11, Central Square, NY 13036
- Reymore Chevrolet Service — 746 N Main St, Central Square, NY 13036
- Clevelands Garage LLC — 526 S Main St, Central Square, NY 13036
- The new central sq auto repair — 518 S Main St, Central Square, NY 13036
Frequently Asked Questions
What type of property is this?
Auto shop - Block-and-wood-sided building with paved parking, concrete flooring, and ramp access.
Where is this auto shop located?
The property is located at 583 S Main Street Central Square, NY.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: 7,080‑square‑foot building on a 0.5452‑acre corner lot; Automotive business history spanning over 40 years; COM1 zoning designation
