604 Seneca St Manlius, NY 13104
- Manufacturing properties
- 6,489 SF
- 3.53 lot acres
Current Use by Public Records
- Newish / Home Goods Store
- Moss & Mint / Furniture Store
- Rooted Wildlings / Greenhouse
- The SingleCut Barn and Lodge Tap Room / Brewery / Beer Store
- Pilar Figueira Art Studio / Art Studio
Property Details for 604 Seneca St
- Year built
- 1930
- Lot size
- 3.53 lot acres
- Property size
- 6,489 SF
- Zone code
- R2
- Property type
- Manufacturing properties
- APN
- 313803 027.-01-04.1
- APU
- 31380302701041
Description
This unique investment opportunity encompasses a vibrant 16,314 square foot commercial complex situated on a generous 3.88-acre lot in the desirable Manlius, NY area. The property boasts seven buildings, currently housing a diverse range of nine fully leased retail and manufacturing spaces. Adding to its versatility, five 8x20 shipping containers (four equipped with power and ventilation) offer further expansion potential for future tenants or innovative business ventures. Significant recent updates and renovations have transformed key areas, including the Yard Event Center and Beer Garden, creating attractive spaces for both tenants and patrons. The property's creative layout includes an outdoor play area ("The Pier"), a Backyard Market area with ample storage beneath "The Pier," a greenhouse, two workshops, and a dedicated storage building. A significant advantage is the inclusion of a five-bedroom, two-bathroom residence with an attached garage. The current tenant mix is eclectic and includes a cafГ©, beer garden/lodge, coffee roaster, general store, gift shop, and glassblowing studio, ensuring a steady income stream. Ample parking is provided with a 90-space lot. The property enjoys a prime location, offering convenient walkability to downtown Manlius and proximity to Fayetteville-Manlius High School. Easy access to major roadways, including Routes 92, 173, 257, and East Genesee Street, enhances its accessibility. Showings are strictly by appointment for financially qualified buyers only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $280,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $270,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $360,000
- Retail
- $325,000
- Mixed-Use
- $365,000
- Hospitality
- $270,000
- Educational
- $315,000
- Residential Income
- $305,000
- Energy
- $350,000
- Income-Based Land
- $335,000
- Food Service
- $290,000
Location Insight
- Map
- Local Demand
- City
- Manlius
- County
- Onondaga
- State
- New York
- Longitude
- -75.9675
- Latitude
- 43.0035
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA