201 Lawrence RdSyracuse, NY 13212

Property Details for 201 Lawrence Rd

Year built

1977

Lot size

0.77 AC

Property size (Sq ft)

5,288 SF

Zone code

06 - INDUSTRIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

314889 057.-03-06.0

APU

31488905703060

Description

This exceptional 5,288-square-foot restaurant space, formerly a Denny's, presents a unique opportunity for a new tenant. Situated on a 0.77-acre lot at the signalized intersection of Lawrence Road East and South Bay Road in North Syracuse, NY, this property boasts unparalleled visibility and accessibility. Its prime location within a thriving retail corridor offers significant advantages, including proximity to the Syracuse International Airport (less than 0.2 miles) and Interstate 81 (0.26 miles). The building features multiple points of ingress and egress, accessible from both Lawrence Road East and South Bay Road, ensuring convenient customer access. Ample parking is available, and the property benefits from prominent pylon signage, maximizing its visibility to potential customers. The single-tenant building is fully equipped, offering a turnkey solution for a variety of restaurant concepts. Located in Onondaga County, with a Syracuse, NY 13212 zip code, this property is ready for immediate occupancy. This is an exceptional opportunity to establish a successful business in a high-traffic area with excellent visibility and convenient access to major transportation routes. The property is zoned for commercial use.

• CAP approach

  CAP return

  Valuation

  6%

  $1,255,267

  6.5%

  $1,158,708

  7%

  $1,075,944

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,217,417

  Geo Method

  $1,741,144

• Alternative Use

  Use

  Valuation

  Residential

  $977,414

  Hospitality

  $895,306

  Educational

  $744,884

  Medical

  $770,502

  Retail

  $1,158,708

Location Insight

City

Syracuse

County

Onondaga

State

New York

Latitude

43.1153

Longitude

-76.1433

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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