1525 State Route 264Phoenix, NY 13069

Property Details for 1525 State Route 264

Year built

1979

Lot size

1.00 AC

Property size (Sq ft)

6,240 SF

Zone code

01 - NOT ZONED

Property type

Auto shops

APN

354400 239.00-01-01.2

APU

3544002390001012

Description

This exceptional commercial property, located at 1525 State Route 264 in Palermo, New York, presents a unique investment opportunity. Priced at $399,900, this well-equipped auto body shop is ideally suited for both established businesses seeking relocation and aspiring entrepreneurs entering the automotive repair industry. The property boasts a highly visible location, ensuring significant exposure to potential customers. The facility is designed for efficiency and includes eight overhead doors, providing ample access for vehicles. Two operational lifts facilitate a variety of repair and servicing needs, complemented by a professional paint booth capable of delivering high-quality finishes. Administrative tasks are streamlined with two well-appointed offices, perfect for customer consultations and general business operations. Employee comfort and convenience are prioritized with two restrooms and two break rooms. One break room is further enhanced with a kitchenette, shower, and washer/dryer hookups, creating a functional and supportive work environment. This expansive property offers significant potential for growth and expansion, making it an attractive investment prospect in a desirable location. The property is situated in Oswego County, New York, with a zip code of 13069. The geographic coordinates are 43.3337541 latitude and -76.2858801 longitude. This turnkey operation is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,481,254

  6.5%

  $1,367,311

  7%

  $1,269,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,436,589

  Geo Method

  $2,054,602

• Alternative Use

  Use

  Valuation

  Residential

  $1,153,378

  Hospitality

  $1,056,488

  Educational

  $878,986

  Medical

  $909,215

  Retail

  $1,367,311

Location Insight

City

Phoenix

County

Oswego

State

New York

Latitude

43.3337

Longitude

-76.286

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.