2228 Ct St, Syracuse, NY 13208-1954
This exceptional investment opportunity presents a portfolio of two auto body shops located in Syracuse, New York, at 2228 Court St, 13208. The portfolio comprises two separate buildings totaling 1,066 square feet, each situated on a corner lot and benefiting from high daytime traffic. Both shops are currently 100% occupied, as of December 31, 2022, and boast two bays with lifts in each. The properties are zoned for commercial/retail use, making them ideal for continued operation as auto body shops or potential redevelopment. The asking price for the entire portfolio is $849,000, representing a price per square foot of $796.44 and a price per unit of $849,000. The seller is open to financing options with a 30% down payment, and terms are negotiable. This turnkey operation presents a rare chance to acquire a well-established, profitable business in a prime location. Individual sale of the properties is also considered, with one shop priced at $320,000 and the other at $529,000. This presents a flexible investment opportunity for both large and smaller-scale investors. The properties are owned by Len DiMaggio.
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JDA auto Auto Repair Shop
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Mark's Pizzeria Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
05 - COMMERCIAL · Syracuse, NYSyracuse. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.