779 State Fair Boulevard Syracuse, NY 13209
SINGLE_FAMILY - Syracuse, NY
Property Features for 779 State Fair Boulevard
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- CB
- Parking
- 24
- Standard status
- Active
- APN
- 313289-024-000-0003-023-000-0000
- Size
- 4,424 SF
- Lot size
- 0.79 Acres
Taxes and HOA fees
- Tax Annual Amount
- 13465
Utilities
- Heating system
- Exhaust Fan (Heating), Forced Air
- Cooling system
- Exhaust Fan (Cooling)
Building Details
- Year built
- 1975
- Floors in Building
- 1
Listing agent Mark Cardone License #10491208497 (315) 456-8926
Listing office Rooftop Realty Group LLC 407 Tulip St., Liverpool, NY (315) 944-2198
Listing date May 31, 2026
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The building is serviced by Solvay Electric and includes select kitchen equipment intended to help streamline a restaurant startup or expansion. The available information also positions the property for prospective owner-users, franchise operators, or investors, with the restaurant use as the primary offering.
Additional property details provided include a lot size of 0.7851 acres and building size of 4,424 square feet. The listing is offered for sale at $550,000.
Key Highlights
- Freestanding restaurant building on heavily traveled State Fair Boulevard in Lakeland
- Highly visible location with ample parking and easy access to major highways
- Heating: forced air; cooling includes an exhaust fan
Local Financial Insights For Specialty Retail
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 | $61.1k | $13.80 |
| − Vacancy | −$2.4k | −$0.55 |
| EGI | $58.6k | $13.25 |
| − OpEx | −$14.7k | −$3.31 |
| NOI | $44.0k | $9.94 |
