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    512 Onondaga St Syracuse, NY 13204

    For Sale
    $1,295,000

    Former Rite Aid, 11,348 SF, High Traffic

    Property size:
    11,348 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 11,348-square-foot former Rite Aid building presents a unique investment opportunity in Syracuse, NY. Located at 512 W Onondaga St, this single-story, 1999-built structure sits on a 1.4-acre lot, offering significant frontage and access on both W Onondaga Street and Slocum Avenue. The property boasts approximately 71 parking spaces and a two-lane drive-thru, a highly desirable feature for various retail uses. The permitted zoning, MX-2, Neighborhood Commercial, allows for a range of potential conversions. The asking price is $1,295,000, translating to $114.12 per square foot. This well-located vacant building offers substantial potential for an investor or end-user seeking a prime retail space in a high-traffic area of Syracuse. The property's size, location, and existing infrastructure make it an attractive proposition for redevelopment or repurposing. The APN is 096.14-10.1. This is a sale by owner opportunity. The property is in Onondaga County, NY, zip code 13204.

    Property Features for 512 Onondaga St

    General Information

    Property type
    Restaurants
    Square Feet
    11,348 SF
    Lot Size
    60,984 SF

    Building Details

    Year Built
    1999
    Buildings
    1
    Stories
    1

    HighLights

    • Former Rite Aid building, 11,348 SF.
    • Features a two‑lane drive‑thru.
    • Offers approximately 71 parking spaces.
    • Prime Syracuse location on a major thoroughfare.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.15925061245
    Latitude
    43.039317713528

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    FAQs

    What type of property is this?
    Restaurant - Former Rite Aid, 11,348 SF, High Traffic
    Where is this restaurant located?
    The property is located at 512 Onondaga St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: Former Rite Aid building, 11,348 SF.; Features a two-lane drive-thru.; Offers approximately 71 parking spaces.
    Request Owner's contact information
    512 Onondaga St Syracuse, NY 13204
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    Syracuse, NY 13204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    512 Onondaga St Syracuse, NY 13204
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