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    2228 Court St Syracuse, NY 13208

    Sponsored
    For Sale
    $849,000

    Two Shops, High Traffic Location, $849,000

    Property size:
    1,066 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a portfolio of two auto body shops located in Syracuse, New York, at 2228 Court St, 13208. The portfolio comprises two separate buildings totaling 1,066 square feet, each situated on a corner lot and benefiting from high daytime traffic. Both shops are currently 100% occupied, as of December 31, 2022, and boast two bays with lifts in each. The properties are zoned for commercial/retail use, making them ideal for continued operation as auto body shops or potential redevelopment. The asking price for the entire portfolio is $849,000, representing a price per square foot of $796.44 and a price per unit of $849,000. The seller is open to financing options with a 30% down payment, and terms are negotiable. This turnkey operation presents a rare chance to acquire a well-established, profitable business in a prime location. Individual sale of the properties is also considered, with one shop priced at $320,000 and the other at $529,000. This presents a flexible investment opportunity for both large and smaller-scale investors. The properties are owned by Len DiMaggio.

    Property Features for 2228 Court St

    General Information

    Property type
    Automotive properties
    Square Feet
    1,066 SF

    Building Details

    Buildings
    2
    Units
    1

    HighLights

    • High‑visibility corner lot location.
    • Excellent daily traffic counts.
    • Turnkey auto body shops available.
    • Each shop features two bays equipped with lifts.
    Property Profile Location Intelligence

    Current Use by Public Records

    JDA auto Auto Repair Shop Mark's Pizzeria Pizza Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1382238
    Latitude
    43.0825521

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    FAQs

    What type of property is this?
    Automotive property - Two Shops, High Traffic Location, $849,000
    Where is this automotive property located?
    The property is located at 2228 Court St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: High-visibility corner lot location.; Excellent daily traffic counts.; Turnkey auto body shops available.
    Request Owner's contact information
    2228 Court St Syracuse, NY 13208
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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
    2228 Court St Syracuse, NY 13208
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