Listing Agency: Candy Costa Real Estate LLC Show Phone

Listed By: Candy Costa · License #10491209117 Show Phone

Source: Nicholcityrealty

Added: Jul 18 Changed: Oct 11 Last Checked: Oct 14 at 10:22PM

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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 Candy Costa Real Estate LLC

Investment Insights

Based on property information with market context.

Located at 583 S Main St in Central Square, NY, this automotive property occupies a 0.55-acre corner lot and has supported an automotive business for more than 40 years. The property is identified locally as Adams Auto Automotive and carries gas station zoning.

Its existing automotive orientation, corner positioning, and established operating history support continued automotive use, redevelopment, or evaluation for a future fuel station concept. The property address is 583 S Main St, Central Square, NY 13036.

Key Highlights

• 0.55‑acre corner lot at 583 S Main St
• Gas station zoning
• Automotive business operating at the property for over 40 years

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,788

Cap Rate

6.95%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $68,369 @ 7.0% cap · market cap 10.85%

Second Best

Industrial

$625.5K

$547.4K – $729.8K (±1% cap)

NOI $43,788 @ 7.0% cap · market cap 6.95%

Theoretical Best

Office A

$1.41M

$1.24M – $1.65M (±1% cap)

NOI $98,853 @ 7.0% cap · market cap 15.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Electrical Service Plumbing Service Bakery Grocery & Convenience Store Garden Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Seven-Unit Multifamily Property

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Waterfront Restaurant Building

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Similar Off Market Nearby

• Chauvaux's Service Center — 473 US-11, 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
• Reymore Chevrolet Service — 746 N Main St, Central Square, NY 13036
• Chevrolet Service Center — 746 N Main St suite a, Central Square, NY 13036

Frequently Asked Questions

What type of property is this?

Auto shop - Established automotive property with gas station zoning and a corner-lot configuration.

Where is this auto shop located?

The property is located at 583 S Main Street Hastings, 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: 0.55‑acre corner lot at 583 S Main St; Gas station zoning; Automotive business operating at the property for over 40 years