Property profile

2015 Teall Ave Syracuse, NY 13206

OFF-MARKET
Investment properties
Property ID
US63-6048904
4,560 SF 0.15 ac lot Built 1950
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Syracuse storefront property at 2015 Teall Ave offers 4,560 square feet of retail space across two stories, situated on a 6,348 square foot lot. Currently housing two month-to-month retail tenants, this presents a unique owner-user opportunity or continued rental income. The building boasts a full remodel completed in 2007, featuring a luxurious second-floor space with a full kitchen and bathroom, ideal for office or residential conversion. Three convenient bay doors (16'x8', 10'x10', and 9'x8') enhance functionality. The property includes a shingled roof, Drivit exterior, blown insulation, and efficient natural gas wall unit heating. Located in Onondaga County, NY, with Highway Commercial zoning (APN: 314889-070-000-0013-037-000-0000), this property is priced at $459,000 and offers significant potential for growth and return on investment. The building is a single, two-story structure with four units. The gross lease allows for flexibility, and the current tenants provide immediate cash flow. The property can be delivered vacant if desired. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable Syracuse location.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1950
Total area 4,560 SF
Lot 0.15 ac (6,348 SF)
Zoning code 03 - MULTI-FAMILY
APN 314889 070.-13-37.0
UPID US63-6048904

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Interior Design Auto Repair Shop
  • Interior Design Home Decor Store

Location

2015 Teall Ave Syracuse, NY 13206-1539
Syracuse metro Census 14200 SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2024
Last sale
$450,000
3 recorded transactions
2024
$450,000
2006
$65,000
2005
$3,000

Zoning & alternative use

03 - MULTI-FAMILY · Syracuse, NY

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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