228 Seneca St Manlius, NY 13104-1818
This 0.61-acre commercial property in Manlius, NY, presents a unique redevelopment opportunity. Located at 228 E Seneca St, this B-Class property boasts 6,382 square feet, including 6,200 square feet of net rentable space, spread across a two-story building constructed in 1955 and renovated in 1990. The property features a commercially zoned lot (Com) and is ideally situated for high visibility, benefiting from heavy daytime traffic and proximity to churches, libraries, restaurants, shops, parks (Mill Run), and desirable neighborhoods. The site's versatility allows for various uses, including retail, personal service shops, banks, offices, restaurants, and indoor theaters, as permitted by zoning. The existing building is completely vacant and ready for immediate occupancy. Significant value-add features include functional vaults, drive-thrus, security systems, and ATM space. Ample parking is available, with 16 paved spaces, an estimated 5 gravel spaces, and additional redevelopable land for further expansion. The property's strategic location offers easy access to major transportation arteries, including Hancock International Airport (18.1 miles), Destiny USA (13.7 miles), Downtown Syracuse (11.6 miles), Cazenovia (10 minutes), Lyndon Corners (4 miles), and Fayetteville-Manlius High School (half a mile). The asking price is $1,200,000. The seller is accepting reasonable offers but is not willing to finance. APN: 028.-01-10.1.
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Tyler Maxon Physician
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
IND · Manlius, NYManlius. 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.