Industrial Property with Multiple
5970 Butternut Dr East Syracuse, NY 13057
New
5970 Butternut Dr, East Syracuse, NY, 13057
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For Sale
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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 Market5
Property Features for 5970 Butternut Dr
General Information
- Standard status
- Active
- Size
- 9,450 SF
- Property subtype
- Industrial
Listing Agency
Cushman & Wakefield Pyramid Brokerage Company Syracuse
Listed by
Donald O'Leary · License #NY 10301201742
Source
Crexi
Added: Jul 16 Updated: Jul 20 at 3:19 am Checked: Jul 20 at 3:19 am
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
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
Local Financial Insights For Industrial
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 | $65.1k | $6.89 |
| − Vacancy | −$4.5k | −$0.48 |
| EGI | $60.6k | $6.41 |
| − OpEx | −$18.2k | −$1.92 |
| NOI | $42.4k | $4.49 |
9,450 SF · lease $6.89/SF/yr · vacancy 6.90% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Universal Step
Building Supply
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FAQs
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
