Historic Auto
7 Hannum Street, Skaneateles, NY 13152
For Sale
New
$950,000
The existing garage building sits within Skaneateles’ established village setting, near local shops and restaurants.
Property Size6,171 SF
Lot Size0.43 Acres
Price / SF$153.95
Days on Market2
Property Features for 7 Hannum Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Road Access
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
Yes
No
2
Land and Building
Rectangular,RectangularLot
Public
0.43
6.0
77X241
OnSite
6171.0
1
Building Details
Building Size
Year Built
Stories
Listing Agency:
Lake Life Real Estate Agency
Listed By:
Jacqueline Jones
(315) 559-7979
Source:
Mytowncny
Added: Nov 6
Last Checked: Nov 7 at 1:38AM
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 Lake Life Real Estate Agency
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An existing auto garage occupies a 0.43-acre parcel in Skaneateles. The building contains approximately 6,171 square feet and dates to 1904. The property is zoned A2, and the parcel measures 77X241.
The site is on Hannum Street, near E Genesee Street and across from Skaneateles Lake. Village shops and restaurants are nearby.
The site is on Hannum Street, near E Genesee Street and across from Skaneateles Lake. Village shops and restaurants are nearby.
Key Highlights
- Approximately 6,171 square feet of existing building space
- 0.43‑acre parcel measuring 77X241
- Built in 1904
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,489
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,489,780
$1.5M
Cap Rate 7%
$1,064,129
$1.1M
Cap Rate 9%
$827,656
$827.7K
Market Conditions
NOI Build-Up for 6,171 SF
Gross rent
$111.1K $18.00/SF
− Vacancy
−$4.7K −$0.76/SF
EGI
$106.4K $17.24/SF
− OpEx
−$31.9K −$5.17/SF
NOI
$74.5K $12.07/SF
Area
Onondaga County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,489,780
Cap Rate 7%
$1,064,129
Cap Rate 9%
$827,656
Alternative Uses
Best Use
Retail
$1.06M
$931.1K – $1.24M
NOI $74,489 @ 7.0% cap · market cap 7.84%
Second Best
Industrial
$395.8K
$346.4K – $461.8K
NOI $27,709 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.07M
$938.4K – $1.25M
NOI $75,071 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 13152, NY
7,696
Population
4,044
Households
1.9
Avg Household Size
52
Median Age
55%
College-Educated
96%
High-School Grad
63.3 sq mi
ZIP Area
122
Density / Sq Mi
$102,727
Median Household Income
$54,688
Median Earnings
$990
Median Rent
$427,600
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
Similar Off Market Nearby
- Dave Pirro Ford, Inc. Service — E Genesee St, Skaneateles, NY 13152
- Les Hunt Garage — 7 Hannum St, Skaneateles, NY 13152
Frequently Asked Questions
What type of property is this?
Auto shop - The existing garage building sits within Skaneateles’ established village setting, near local shops and restaurants.
Where is this auto shop located?
The property is located at 7 Hannum Street Skaneateles, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 6,171 square feet of existing building space; 0.43‑acre parcel measuring 77X241; Built in 1904
