Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    2935 Lamson Rd Phoenix, NY 13135

    Sponsored
    For Sale
    $300,000

    High-traffic retail space, 2,088 sq ft, $300,000

    Property size:
    2,088 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional commercial property at 2935 Lamson Road in Phoenix, New York, presents a unique investment opportunity. The 2,088 square foot building sits on a substantial 49,658 square foot lot (approximately 1.13 acres), offering ample space and high visibility. Benefiting from a prime location on a busy street, the property boasts road frontage and convenient access from two sides. A large parking lot accommodates over 70 vehicles, ensuring ample parking for customers. Currently configured as a pizzeria and ice cream shop, the property features both indoor and outdoor seating, along with a convenient walk-up window. The fully equipped kitchen is exceptionally well-suited for a variety of food service businesses, including restaurants, diners, and bars. Key features include three-phase electrical service, a walk-in cooler, and an outdoor grease trap. Its strategic location, just a quarter-mile from the Village of Phoenix and the North Island enhancement project at Lock 1 of the Oswego Canal, ensures high traffic and excellent exposure. The property is also conveniently located just four minutes north of Radisson, providing easy access to a wider customer base. This turnkey operation presents a rare chance to acquire a thriving business or establish your own venture in a highly desirable location. The asking price is $300,000. Don't miss this chance to make your business dreams a reality.

    Property Features for 2935 Lamson Rd

    General Information

    Property type
    Land
    Square Feet
    2,088 SF

    HighLights

    • 2,088 SF building on a 1.13‑acre lot (49,658 SF) in Phoenix, NY.
    • High‑visibility location on a busy street with ample road frontage and dual‑sided access.
    • Large parking lot accommodating over 70 vehicles.
    • Currently operating as a pizzeria and ice cream shop with indoor/outdoor seating and a walk‑up window.
    • Fully equipped kitchen suitable for various food service businesses; features three‑phase power, walk‑in cooler, and outdoor grease trap.
    • Prime location near the Village of Phoenix and the North Island enhancement project, offering high traffic and visibility; 4 minutes from Radisson.
    Property Profile Location Intelligence

    Current Use by Public Records

    New Henderson Dairy Ice Cream Shop Harper’s Pizza & Ice ... Pizza Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Onondaga
    State
    New York
    Longitude
    -76.3062177
    Latitude
    43.2248601

    Nearby Comparable

    • $349,999

      Lysander Land Building Opportunity

      Land for sale in Lysander, near Radisson and Micron.
      9141 River Rd, Lysander, NY 13027
      View Details
    • $1,700,000
      45.74 Acres

      Phoenix Vacant Land with Marina

      45+ acre vacant land with partially completed marina.
      97 Oswego River Rd, Phoenix, NY 13135
      View Details
    • $199,000

      Granby Land with Road Frontage

      Undeveloped land suitable for hunting and recreation.
      County Line Rd, Granby, NY 13135
      View Details
    • $1,000,000

      122 Acres with Waterfront Access

      Large land parcel with waterfront, ideal for development.
      36 Whitewood Tract, Schroeppel, NY 13135
      View Details
    • Contact for pricing
      23,225 SF

      Industrial Facility in Oswego County

      23,225 sq ft industrial facility with cranes and ample power.
      67 County Route 59, Phoenix, NY 13135
      View Details
    • $1,795,000

      Schroeppel Farm and Agricultural Property

      Farm and agricultural property for sale in Schroeppel, NY.
      115 Hilltop Dr, Schroeppel, NY 13135
      View Details
    • $55,900

      1.04 Acre Building Lot

      1.04 acre building lot with existing shed.
      9470 Oswego Rd, Lysander, NY 13027
      View Details
    • $310,000
      20.09 Acres

      Prime Phoenix Commercial Land

      20-Acre Development Site Near Micron
      367 State Route 264, Phoenix, NY 13135
      View Details
    • Contact for pricing

      Prime Phoenix Redevelopment Site

      1.69 Acres, Hwy 481 Access
      394 Ny-264, Phoenix, NY 13135
      View Details
    • $995,000
      2,466 SF

      Prime Development Land Opportunity

      2.01 acres of commercial land with high visibility.
      3645 Ny-31, Lysander, NY
      View Details
    • $750,000

      9.25 AC Site Near Brewery

      9.25 AC industrial site near Anheuser-Busch brewery.
      2800 Ny-31, Baldwinsville, NY
      View Details
    • $90,000

      Rolling Agricultural Land Near Baldwinsville

      13.42-acre agricultural lot near Baldwinsville and Three Rivers Wildlife.
      8643 Smokey Hollow Rd, Lysander, NY 13027
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      23,225 SF

      Industrial Facility in Oswego County

      23,225 sq ft industrial facility with cranes and ample power.
      67 County Route 59, Phoenix, NY 13135
      View Details
    • $310,000
      20.09 Acres

      Prime Phoenix Commercial Land

      20-Acre Development Site Near Micron
      367 State Route 264, Phoenix, NY 13135
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic retail space, 2,088 sq ft, $300,000
    Where is this land located?
    The property is located at 2935 Lamson Rd Phoenix, NY.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: 2,088 SF building on a 1.13-acre lot (49,658 SF) in Phoenix, NY.; High-visibility location on a busy street with ample road frontage and dual-sided access.; Large parking lot accommodating over 70 vehicles.
    Request Owner's contact information
    2935 Lamson Rd Phoenix, NY 13135
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2935 Lamson Rd
    Phoenix, NY 13135
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2935 Lamson Rd Phoenix, NY 13135
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.