Property profile

500 Old Liverpool Rd Salina, NY 13088

OFF-MARKET
Lifestyle centers
25,304 SF
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Property summary

AI-generated overview

This exceptional 25,304 square foot shopping center, located at 500 Old Liverpool Road in Salina, NY 13088, presents a compelling value-add investment opportunity. The property consists of two single-story buildings encompassing seven units, currently vacant, offering significant leasing upside. With a total net rentable area of 25,304 square feet, the asking price is $1,300,000, translating to $51.38 per square foot. The property enjoys a high-traffic location, just down the street from Destiny USA, a major regional shopping destination. Previous tenants included a Gulf Gas Station, ARC of Onondaga, and a nail salon, demonstrating the property's appeal to a diverse range of businesses. This presents a unique chance to capitalize on the strong location and create a thriving retail center. The property's vacant status allows for complete control over tenant selection and lease terms, maximizing rental income potential. Detailed financial information is available upon request. This is an ideal investment for those seeking a value-add opportunity in a prime retail location with significant upside potential.

Property profile

Verified
Property type Lifestyle centers
Total area 25,304 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop
  • Gas Station
  • Charitable Organization Social Service Agency
  • Gas Station
  • Bakery Specialty Food Shop

Location

500 Old Liverpool Rd Salina, NY 13088
Salina metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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