408 Pearl St Syracuse, NY 13203
- Retail properties
- 4,500 SF
Current Use by Public Records
- Retail properties
Property Details for 408 Pearl St
- Property size
- 4,500 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 4,500 square foot commercial property, located at 408 Pearl Street in Syracuse, NY, presents a lucrative investment opportunity. Fully renovated in 2024, this building boasts immaculate interior and exterior finishes, showcasing an incredible lodge-style design. Currently operating as a nightclub with flexible hours (9 AM-2 AM or 4 PM-4 AM), the property is zoned for a restaurant, bar, or nightclub, and has a special permit for live entertainment. The expansive space also offers potential for a craft brew pub, banquet hall, or even a cannabis dispensary or on-premise consumption site, given Syracuse's approval for recreational retail cannabis. The property benefits from convenient access to Highway 81 North, excellent visibility, and the official legal use of a 150-space parking lot directly across the street. A separate executive office space adds to the versatility of this turnkey operation. Priced at $599,999, cash offers are preferred, but owner financing may be considered with a $150,000 down payment. Serious inquiries only; proof of funds is required for property access. This is a rare opportunity to acquire a fully renovated, high-potential commercial property in a prime Syracuse location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.1508
- Latitude
- 43.0542
