Property profile

201 Lawrence E Rd Syracuse, NY 13212

OFF-MARKET
Turn key restaurants
Property ID
US63-2528315
5,288 SF 0.77 ac lot Built 1977
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a fully equipped restaurant space located at the corner of Lawrence Road East and S Bay Road in the retail corridor of North Syracuse. It is positioned at a signalized intersection and provides multiple ingress/egress points with access from both Lawrence Road E and S Bay Road. The space offers visibility from the intersection, includes pylon signage, and is served by ample parking. The property encompasses approximately 2,500 square feet. It is situated about 0.2 miles from the Syracuse International Airport entrance and roughly 0.26 miles from Interstate 81.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1977
Total area 5,288 SF
Lot 0.77 ac (33,750 SF)
Zoning code 06 - INDUSTRIAL
APN 314889 057.-03-06.0
UPID US63-2528315

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

201 Lawrence E Rd Syracuse, NY 13212-3835
Syracuse metro Census 13800 SYRACUSE, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$950k
CAP Approach CAP
by Request
Comparable Approach Comparable
$898k
Blend (final) Blend
$900k

Owner & transaction history

since 2023
Last sale
$825,000
1 recorded transaction
2023
$825,000

Zoning & alternative use

06 - INDUSTRIAL · Syracuse, NY
Top alternative use upside
Commercial (general) $675,000 +31.4%
Neighborhood: shopping center $565,000 +9.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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