C2 Zoned Commercial
For Sale
Contact for pricing
34 Roosevelt Drive, Whitesboro, NY 13492
Commercial property with high visibility in a bustling business district.
Property Size1,866 SF
Price / SF$120.58
Days on Market1014
Property Features for 34 Roosevelt Drive
General Information
Standard status
Active
Size
1,866 SF
Property subtype
Retail, Land
Listing Agency:
Coldwell Banker Prime Properties
Listed By:
Nicole Bartolomie-Nucci · License #NY
Source:
Crexi
Added: Jan 21, 2024
Changed: Oct 25
Last Checked: Oct 30 at 1:57PM
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 Coldwell Banker Prime Properties
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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.
This property, zoned C2 Commercial, presents an opportunity for business owners and entrepreneurs. It benefits from a high traffic count and excellent visibility within a busy business district. The property encompasses 1866 square feet. The main floor features a kitchen, a bathroom, and three to four multi-use rooms, suitable for various business needs. Additionally, there are three rooms upstairs, which could serve as office space or storage. On-site parking is available, complemented by on-street parking. A new furnace and hot water tank have been installed. The property is also approved for converted residential use.
Key Highlights
- C2 Commercial zoning in a high‑traffic, highly visible location.
- Approved for converted residential use.
- 1866 square feet of space with a versatile layout including a kitchen, bathroom, and multiple multi‑use rooms.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,770
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,400
$375.4K
Cap Rate 7%
$268,143
$268.1K
Cap Rate 9%
$208,556
$208.6K
Market Conditions
NOI Build-Up for 1,866 SF
Gross rent
$28.0K $15.00/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$26.8K $14.37/SF
− OpEx
−$8.0K −$4.31/SF
NOI
$18.8K $10.06/SF
Area
Oneida 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%
$375,400
Cap Rate 7%
$268,143
Cap Rate 9%
$208,556
Alternative Uses
Best Use
Retail
$268.1K
$234.6K – $312.8K
NOI $18,770 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$491.7K
$430.3K – $573.7K
NOI $34,421 @ 7.0% cap · market cap 15.30%
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
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
77k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 28%
Apparel 3%
Byrne Dairy
Shops & Services
18,434 visits/mo
0.1 miles
Dunkin' Donuts
Dining
13,654 visits/mo
0.3 miles
Dollar General
Shops & Services
11,994 visits/mo
0.2 miles
Dollar Tree
Shops & Services
8,142 visits/mo
0.4 miles
SUBWAY
Dining
4,039 visits/mo
0.2 miles
Demographics for 13492, NY
11,457
Population
4,983
Households
2.3
Avg Household Size
44
Median Age
37%
College-Educated
95%
High-School Grad
15.3 sq mi
ZIP Area
749
Density / Sq Mi
$84,543
Median Household Income
$48,005
Median Earnings
$920
Median Rent
$192,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial property with high visibility in a bustling business district.
Where is this retail space located?
The property is located at 34 Roosevelt Drive Whitesboro, NY.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: C2 Commercial zoning in a high‑traffic, highly visible location.; Approved for converted residential use.; 1866 square feet of space with a versatile layout including a kitchen, bathroom, and multiple multi‑use rooms.**
