4 Lumber Way Liverpool, NY 13090

Property Details for 4 Lumber Way

Year built

1985

Lot size

7.21 lot acres

Property size

8,774 SF

Zone code

05 - COMMERCIAL

Property type

Office buildings

APN

312489 114.-02-22.3

APU

31248911402223

Description

This exceptional investment opportunity presents a fully occupied, 8,400 square foot warehouse situated on a 7.5-acre lot in Liverpool, NY. The property, built in 1991, boasts a strong net operating income (NOI) of $140,000, yielding a 6.00% cap rate. Priced at $2,333,333 ($277.78/sq ft), this multi-tenant property is currently operating under a Net Net lease with a remaining term of 2 years. The warehouse features 2,400 square feet of clean office space, including a reception counter, HVAC system, three private offices, and a separate entrance. Its strategic location at the crossroads of I-90 and I-81 provides easy access to major transportation routes, and its proximity to Syracuse Hancock International Airport (a 15-minute drive) further enhances its appeal. The property benefits from a high population density, with over 6,800 residents within a 1-mile radius and over 51,800 within a 3-mile radius. A substantial daytime workforce of over 27,900 is also located within a 3-mile radius. The property is ideally situated in a thriving retail corridor, surrounded by numerous national retailers such as Walmart, Goodwill, McDonald's, and Starbucks. This property is uniquely suited for truck and heavy equipment repair. The ground lease terms vary. This is part of a larger portfolio sale.

Location Insight

City

Liverpool

County

Onondaga

State

New York

Longitude

-76.197

Latitude

43.1247

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments