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Property profile

472-474 Salina St Syracuse, NY 13203

OFF-MARKET
Retail properties & Spaces
2,200 SF
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Property summary

AI-generated overview

This exceptional retail opportunity is located in the heart of Syracuse's vibrant Little Italy neighborhood, specifically within the North Salina Street bow-tie. The property at 472-474 North Salina Street offers 2,200 square feet of interior space in a single-story building. A significant advantage is the remaining term of the lease, which extends for 20 years, providing long-term stability for the business. The current rent is below market value, representing a substantial financial benefit. The property boasts 36 feet of street frontage, ensuring high visibility and accessibility for customers. Included in the sale are all existing store fixtures and inventory, allowing for a seamless transition for the new owner. The location benefits from a large sidewalk, providing ample space for pedestrian traffic and potential outdoor displays. Its proximity to St. Joseph's Hospital further enhances its appeal, drawing from a large and consistent customer base. This turnkey business opportunity presents a rare chance to establish or expand a retail presence in a thriving and well-established Syracuse neighborhood. The property is zoned for business use only.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,200 SF

Cap rate & NOI

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

Location

472-474 Salina St Syracuse, NY 13203
Syracuse metro
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Value estimations

Realmo proprietary · 4 methods
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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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