This exceptional 9,720-square-foot commercial property, located at 985 County Route 57 in Phoenix, NY (13135), presents a unique investment opportunity. The single-story building, constructed in 1990 and extensively renovated in 2025, sits on a 2-acre lot and offers a flexible layout suitable for various uses, including retail, office, warehouse, distribution, coworking, creative office, and executive office spaces. Currently, 7,772 square feet are available for lease. The property boasts a 10-foot ceiling height, two drive-in bays, and ample parking for 40 vehicles. Modern 3-phase power is available. The property is zoned C-1 - Major Commercial, providing significant flexibility for business operations. Its strategic location in Phoenix, NY, offers easy access to major transportation routes, serving the broader submarket cluster encompassing Phoenix, Central Square, Brewerton, Cicero, Clay, Liverpool, Baldwinsville, and Oswego, NY. The property's tax rate is $0.64 per square foot. This versatile space provides a cost-effective solution for businesses seeking a combination of functionality, accessibility, and expansion potential. The ample lot size allows for future growth and outdoor operations. This is an ideal location for businesses seeking a blend of modern amenities and convenient access to a thriving regional market.
The property is located at 985 County Route 57 Phoenix, NY.
What is the lease rate?
The lease rate is $7 SF/Yr.
What are key features of this property?
This property features: 9,720 SF commercial building in Phoenix, NY.; 1,000-7,772 SF available for lease.; Triple Net (NNN) lease.
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Realmo Value Estimation
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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.
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985 County Route 57 Phoenix, NY 13135
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985 County Route 57, Phoenix, NY
John A. Trenca
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