Property summary
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
VerifiedCap rate & NOI
Current use
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Bakery Specialty Food Shop
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Gas Station
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Charitable Organization Social Service Agency
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Gas Station
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Bakery Specialty Food Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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