Restaurant/Retail Opportunity Near Phoenix
2935 Lamson Road Phoenix, NY 13135
2935 Lamson Road, Phoenix, NY, 13135
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For Sale
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2,100 SF building on 1.13 acres near Phoenix.
Property Size2,088 SF
Lot Size1.13 Acres
Price / SF$136.49
Days on Market710
Property Features for 2935 Lamson Road
General Information
- Standard status
- Active
- Size
- 2,088 SF
- Lot size
- 1.13 Acres
- Property subtype
- Retail, Land
Listing agency
Coldwell Banker Prime Properties Camillus
Listed by
Brice Clark · License #NY
Source
Crexi
Added: Aug 12, 2024 Updated: Jul 6 at 8:14AM Checked: Jul 20 at 3:58AM
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 Camillus
Investment Insights
Based on property information with market context.
This 2,100 square foot building is situated on a 1.13-acre lot. The property benefits from its location on a high-traffic street, offering road frontage and access from two sides. The parking lot can accommodate over 70 vehicles. Currently operating as a pizzeria and ice cream shop, the building features both indoor and outdoor seating areas, along with a walk-up window. The fully equipped kitchen is designed to accommodate various types of restaurants, diners, and bars, and includes 3-phase electrical, a walk-in cooler, and an outdoor grease trap. The property is located a quarter mile from the Village of Phoenix and the North Island enhancement project at Lock 1 of the Oswego Canal, and is just 4 minutes north of Radisson. This high-visibility location offers potential for various business ventures.
Key Highlights
- High‑traffic location with road frontage and access on two sides.
- Large parking lot with 70+ vehicle capacity.
- 2100 square foot building on 1.13 acres.
Local Financial Insights For 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 | $30.1k | $14.40 |
| − Vacancy | −$1.3k | −$0.60 |
| EGI | $28.8k | $13.80 |
| − OpEx | −$8.6k | −$4.14 |
| NOI | $20.2k | $9.66 |
2,088 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$385.8K
$337.6K – $450.1K
NOI $27,004 @ 7.0% cap · market cap 9.48%
Second Best
Retail
$288.0K
$252.0K – $336.1K
NOI $20,163 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$416.5K
$364.4K – $485.9K
NOI $29,153 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
New Henderson Dairy
Grocery & Convenience Store
Harper’s Pizza & Ice ...
Restaurant
FAQs
What type of property is this?
Conventional restaurant - 2,100 SF building on 1.13 acres near Phoenix.
Where is this conventional restaurant located?
The property is located at 2935 Lamson Road Phoenix, NY.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: High‑traffic location with road frontage and access on two sides.; Large parking lot with 70+ vehicle capacity.; 2100 square foot building on 1.13 acres.
