408 Pearl St Syracuse, NY 13203
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.