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    FOR LEASE
    Turn key restaurants

    201 Lawrence Rd E, Syracuse, NY 13212

    5,288 SF 0.77 ac lot Built 1977
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US63-2528315
    Property summary
    AI-generated overview

    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.

    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $950k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $898k
    Blend (final) Blend
    $890k
    Owner & transaction history
    La 201 LLC · 3 yrs held
    La 201 LLC
    since 2023
    Last sale
    $825,000
    1 recorded transaction
    2023
    $825,000
    Zoning & alternative use
    06 - INDUSTRIAL · Syracuse, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $675,000 +31.4%
    Neighborhood: shopping center $565,000 +9.9%
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