6596 Old Collamer Rd East Syracuse, NY 13057
- Investment properties
- 2,373 SF
- 0.46 lot acres
Current Use by Public Records
- Investment properties
Property Details for 6596 Old Collamer Rd
- Year built
- 1850
- Lot size
- 0.46 lot acres
- Property size
- 2,373 SF
- Zone code
- 06 - INDUSTRIAL
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 312689 025.-04-16.1
- APU
- 31268902504161
Description
This exceptional 2,373 square foot mixed-use property, located at 6596 Old Collamer Rd in East Syracuse, NY 13057, presents a unique investment opportunity. Previously operating as a restaurant, this vacant building offers versatile space ideal for a bar, restaurant, storefront, or office use. Situated on a 0.46-acre lot, the two-story building (built in 1970) boasts new electrical service, plumbing, furnace, A/C, and lighting. An attractive new outdoor patio and walkway have also been recently installed. The property is conveniently located near the NYS Thruway, Routes 481 and 690, and surrounded by other restaurants and hotels, ensuring high visibility and accessibility. With approximately 20 available parking spots, this property is ready for immediate occupancy (February 3, 2023). The asking price is $295,000 ($124.32/sq ft), and owner financing may be available. The property is zoned commercial and features one unit within a single building. Tenant improvements may be offered by the seller for a suitable lease agreement. This is an excellent opportunity for an owner-user seeking a net lease arrangement. The property's APN is 025.-04-16.1.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $190,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $220,000
- 6.5%
- $225,000
- 7%
- $210,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $190,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $180,000
- Retail
- $180,000
- Mixed-Use
- $245,000
- Hospitality
- $205,000
- Educational
- $200,000
- Residential Income
- $215,000
- Energy
- $210,000
- Income-Based Land
- $180,000
- Food Service
- $210,000
Location Insight
- Map
- Local Demand
- City
- East Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.0854
- Latitude
- 43.0904
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA