314 Park StFulton, NY 13069

Property Details for 314 Park St

Year built

1969

Lot size

0.35 AC

Property size (Sq ft)

6,944 SF

Zone code

R2

Property type

Office properties

Property subtype

Office buildings

APN

350400 236.72-04-20

APU

350400236720420

Description

This exceptional 7,380 square foot mixed-use building, located at 314 Park Street in Fulton, New York, presents a compelling investment or owner-user opportunity. The property, classified as a Class C creative office space, sits on a 0.34-acre lot and boasts 24 surface parking spaces, a significant advantage in this market. Constructed in 1969 and renovated in 1996, the two-story building is currently vacant, offering immediate occupancy for a new tenant or owner. The property is zoned R2, providing flexibility for a variety of uses. The building's substantial size, coupled with its ample parking, makes it ideal for a range of businesses seeking a prominent location in Fulton. The 400-amp breaker provides robust electrical power. This well-positioned property offers a unique chance to acquire a substantial building in a desirable location. Its existing infrastructure and flexible zoning make it an attractive option for both investors and businesses seeking to establish a strong presence in the Fulton, NY area. The property's vacancy status allows for immediate customization to suit the needs of a new occupant. Serious inquiries are encouraged to explore the potential of this prime commercial real estate offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,121,340

  6.5%

  $1,035,083

  7%

  $961,148

• Comparable approach

  Method

  Valuation

  Relative Method

  $634,391

  Geo Method

  $907,303

• Alternative Use

  Use

  Valuation

  Residential

  $1,283,503

  Hospitality

  $1,175,682

  Educational

  $978,153

  Medical

  $1,011,793

  Retail

  $1,521,572

Location Insight

City

Fulton

County

Oswego

State

New York

Latitude

43.3184

Longitude

-76.4104

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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