102 Elm StFayetteville, NY 13066

Property Details for 102 Elm St

Year built

1905

Lot size

0.12 AC

Property size (Sq ft)

1,164 SF

Zone code

B2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

313801 007.-03-46.0

APU

31380100703460

Description

This exceptional commercial property at 102 W Elm St, Fayetteville, NY, presents a rare investment opportunity. The 1,710 square foot building boasts a first-floor commercial/office space, ideal for a variety of businesses. Its prime location within Limestone Plaza offers unparalleled visibility and accessibility, surrounded by restaurants, shops, a library, town offices, a cafe, and the town center, all within easy reach. The property also includes a second-floor one-bedroom, one-bathroom apartment, providing additional income potential or owner-occupied living space. A detached two-car garage adds further convenience. Ample free municipal parking is readily available, and the property enjoys a picturesque view of Mill Creek across the street. Situated on a 0.12-acre lot in the Town of Manlius, the property is zoned B2, a commercial district allowing a wide range of uses, including those permitted in Commercial District A, plus additional options. Currently occupied by tenants, appointments for viewings require 24-48 hours' notice. This property offers a unique blend of commercial space and residential living, making it an attractive investment for both business owners and investors seeking a strong return. The asking price is $264,000.

• CAP approach

  CAP return

  Valuation

  6%

  $187,966

  6.5%

  $173,508

  7%

  $161,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $106,341

  Geo Method

  $152,088

• Alternative Use

  Use

  Valuation

  Residential

  $215,149

  Hospitality

  $197,076

  Educational

  $163,965

  Medical

  $169,604

  Retail

  $255,056

Location Insight

City

Fayetteville

County

Onondaga

State

New York

Latitude

43.0306

Longitude

-76.0128

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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