Industrial Property with Multiple
For Sale
Contact for pricing
5970 Butternut Dr, East Syracuse, NY 13057
Industrial facility with 5-ton and 2-ton cranes and multiple grade-level doors across three structures.
Property Size9,450 SF
Price / SF$158.73
Days on Market96
Property Features for 5970 Butternut Dr
General Information
Standard status
Active
Size
9,450 SF
Property subtype
Industrial, Land, Mixed Use
Zoning
Industrial
Additional Details
Road Access
Yes
Drive-In Doors
7
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
Cushman & Wakefield Pyramid Brokerage Company Syracuse
Listed By:
Donald O'Leary · License #NY 10301201742
Source:
Crexi
Added: Jul 16
Changed: Oct 7
Last Checked: Oct 19 at 6:09AM
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 Cushman & Wakefield Pyramid Brokerage Company Syracuse
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Investment Insights
Based on property information with market context.
This industrial property includes three total structures arranged for shop and maintenance use. The main building features an office and shop area with four grade level doors, plus a former apartment on the 2nd floor that is currently used as storage (400+/- SF). There is also a garage maintenance building with three grade level doors, along with a small shed. Overhead equipment includes a 5-ton crane and a 2-ton crane.
The site offers approximately 700' of frontage on Butternut, near the corner of Manlius Center Road, supporting a practical layout for customer and operational access. The property also has room for additional parking if needed or for building expansion.
Overall, the improvements provide dock/grade-level access and on-site overhead lifting capacity, with office space included in the main building.
The site offers approximately 700' of frontage on Butternut, near the corner of Manlius Center Road, supporting a practical layout for customer and operational access. The property also has room for additional parking if needed or for building expansion.
Overall, the improvements provide dock/grade-level access and on-site overhead lifting capacity, with office space included in the main building.
Key Highlights
- Approximately 700' frontage on Butternut Road near the corner of Manlius Center Road
- Includes a 5‑ton overhead crane and a 2‑ton crane
- Main building features an office and shop plus 4 grade‑level doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,433
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,660
$848.7K
Cap Rate 7%
$606,186
$606.2K
Cap Rate 9%
$471,478
$471.5K
Market Conditions
NOI Build-Up for 9,450 SF
Gross rent
$65.1K $6.89/SF
− Vacancy
−$4.5K −$0.48/SF
EGI
$60.6K $6.41/SF
− OpEx
−$18.2K −$1.92/SF
NOI
$42.4K $4.49/SF
Area
Onondaga County, NY
Vacancy
6.90%
Lease Rate
$6.89 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,660
Cap Rate 7%
$606,186
Cap Rate 9%
$471,478
Alternative Uses
Best Use
Industrial
$606.2K
$530.4K – $707.2K
NOI $42,433 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $114,960 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
7
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Explore this area
Business Placement
Demographics for 13057, NY
14,676
Population
6,744
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
93%
High-School Grad
27.7 sq mi
ZIP Area
530
Density / Sq Mi
$77,908
Median Household Income
$47,531
Median Earnings
$990
Median Rent
$159,800
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 Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility with 5-ton and 2-ton cranes and multiple grade-level doors across three structures.
Where is this manufacturing property located?
The property is located at 5970 Butternut Dr East Syracuse, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 700' frontage on Butternut Road near the corner of Manlius Center Road; Includes a 5‑ton overhead crane and a 2‑ton crane; Main building features an office and shop plus 4 grade‑level doors
