First-Floor Retail
For Sale
Contact for pricing
67 Franklin Street, Auburn, NY 13021
Arterial access, street parking, and updated building systems support a range of approved commercial uses.
Property Size1,720 SF
Price / SF$0.55
Days on Market49
Property Features for 67 Franklin Street
General Information
Standard status
Active
Size
1,720 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
1
Listing Agency:
Alliance RE Specialists
Listed By:
Michael Hardesty · License #10401348318
(315) 532-0793
Source:
Nicholcityrealty
Added: Sep 13
Changed: Oct 26
Last Checked: Oct 30 at 2:45PM
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 Alliance RE Specialists
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Investment Insights
Based on property information with market context.
Located at 67 Franklin Street in Auburn, this retail space provides 1,031 square feet on the first floor, plus 689 square feet of usable basement storage, for 1,720 square feet overall. The property includes newer flooring, a newer roof, and a newer furnace. Off-street parking accommodates 3/4 cars, while short-term on-street parking is available nearby.
The property sits near downtown Auburn along the East/West Arterial, which records more than 19,000 vehicles daily according to NY DOT traffic data cited in the property information. Access is available on and off the arterial, with the business district directly along the route. Uses identified in the property information include professional office, retail, and pet grooming, subject to the approved-use information and applicable code review.
The property sits near downtown Auburn along the East/West Arterial, which records more than 19,000 vehicles daily according to NY DOT traffic data cited in the property information. Access is available on and off the arterial, with the business district directly along the route. Uses identified in the property information include professional office, retail, and pet grooming, subject to the approved-use information and applicable code review.
Key Highlights
- 1,720 SF total: 1,031 SF first floor plus 689 SF usable basement storage
- More than 19,000 vehicles travel the East/West Arterial daily
- Newer flooring, roof, and furnace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,301
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,020
$346.0K
Cap Rate 7%
$247,157
$247.2K
Cap Rate 9%
$192,233
$192.2K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$25.8K $15.00/SF
− Vacancy
−$1.1K −$0.63/SF
EGI
$24.7K $14.37/SF
− OpEx
−$7.4K −$4.31/SF
NOI
$17.3K $10.06/SF
Area
Cayuga County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,020
Cap Rate 7%
$247,157
Cap Rate 9%
$192,233
Alternative Uses
Best Use
Retail
$247.2K
$216.3K – $288.4K
NOI $17,301 @ 7.0% cap · market cap 1,821.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$381.2K
$333.5K – $444.7K
NOI $26,683 @ 7.0% cap · market cap 2,808.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
Demographics for 13021, NY
38,479
Population
18,847
Households
2
Avg Household Size
44
Median Age
27%
College-Educated
91%
High-School Grad
119.2 sq mi
ZIP Area
323
Density / Sq Mi
$58,946
Median Household Income
$41,990
Median Earnings
$874
Median Rent
$169,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Arterial access, street parking, and updated building systems support a range of approved commercial uses.
Where is this retail space located?
The property is located at 67 Franklin Street Auburn, NY.
What are key features of this property?
This property features: 1,720 SF total: 1,031 SF first floor plus 689 SF usable basement storage; More than 19,000 vehicles travel the East/West Arterial daily; Newer flooring, roof, and furnace
