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Property profile & analytics
OFF-MARKET Estimated value $5,560,000
Retail space

2616 Brewerton Rd Syracuse, NY 13211-1202

10,908 SF 1.79 ac lot Built 1998
Individually Owned 4-yr Hold Free & Clear
Property ID
US63-2267531
Property summary
AI-generated overview

This exceptional 10,908-square-foot retail space, located at 2616 Brewerton Road in Mattydale, New York, presents a unique opportunity for a discerning tenant. Previously occupied by a Walgreens, this single-tenant building offers a spacious and well-maintained layout, ideal for a variety of retail or office uses. The property is situated in Onondaga County, benefiting from excellent visibility and accessibility. The entire building is currently vacant, providing immediate occupancy for a new business. The substantial square footage allows for ample space to accommodate a large-scale operation or multiple smaller businesses within a single location. The property's previous use as a pharmacy suggests existing infrastructure suitable for retail operations, potentially reducing initial setup costs. The building's design and layout are adaptable to suit a range of needs, offering significant potential for customization to meet specific business requirements. Given its size and location, this property represents a compelling investment opportunity for businesses seeking a prominent presence in the Mattydale market. Interested parties are encouraged to inquire further to explore the possibilities this exceptional space offers. The property is ready for immediate occupancy. The building's condition is excellent, reflecting its previous use as a well-maintained retail establishment.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Total area 10,908 SF
Lot 1.79 ac (77,972 SF)
Zoning code 05 - COMMERCIAL
APN 314889 059.-03-05.1
UPID US63-2267531
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
  • COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
  • Rite Aid Pharmacy Pharmacy
  • Walgreens Pharmacy
  • higi Physician
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.33M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.56M
Owner & transaction history
Exchangeright Net 53 Dst · 4 yrs held
Exchangeright Net 53 Dst
since 2022
Last sale
$5.0M
3 recorded transactions
2022
$5.0M
2017
Price N/A
2016
$3.9M
Zoning & alternative use
05 - COMMERCIAL · Syracuse, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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