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    OFF-MARKET
    Automotive properties

    2228 Ct St, Syracuse, NY 13208-1954

    1,066 SF 0.3 ac lot Built 1980
    Individually Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-5755576
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Automotive properties
    Use group VEHICLE SALES, RENTALS
    Year built 1980
    Total area 1,066 SF
    Lot 0.3 ac (13,000 SF)
    Zoning code 05 - COMMERCIAL
    APN 314889 071.-01-03.0
    UPID US63-5755576
    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
    Current use
    Occupant on record · Public records
    • JDA auto Auto Repair Shop
    • Mark's Pizzeria Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    K Islam · 1 yrs held
    K Islam
    since 2024
    Last sale
    $290,000
    3 recorded transactions
    2024
    $290,000
    2021
    $120,000
    2007
    $165,000
    Zoning & alternative use
    05 - COMMERCIAL · Syracuse, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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