Property profile

408 Pearl St Syracuse, NY 13203

OFF-MARKET
Retail properties & Spaces
4,500 SF
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,500 SF

Cap rate & NOI

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

Location

408 Pearl St Syracuse, NY 13203
Syracuse metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 408 Pearl St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message