2792 Erie E Blvd Syracuse, NY 13224-1221
- Investment properties
- 10,160 SF
- 0.69 lot acres
Current Use by Public Records
- Syracuse Mattress / Mattress Store
Property Details for 2792 Erie E Blvd
- Year built
- 1978
- Lot size
- 0.69 lot acres
- Property size
- 10,160 SF
- Zone code
- 21
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 311500 034.-01-08.0
- APU
- 31150003401080
Description
This exceptional 10,160 square foot commercial property, situated on a 0.69-acre lot at 2792 Erie Boulevard in Syracuse, NY 13224, presents a compelling investment opportunity. Currently operating as a retail headquarters, this multi-story building offers significant potential for diverse uses, including retail, office, or warehouse space. Its prime location on a bustling commercial corridor ensures high visibility and accessibility, benefiting from substantial foot traffic and convenient access to major highways and transportation hubs. The building boasts a distinctive architectural style, combining brick and glass, and includes ample parking for customers and employees. The interior features a spacious retail showroom and a large warehouse area, adaptable to single or multi-tenant occupancy. Two pylon signs enhance visibility, and a tower on the property offers potential for additional revenue. Built in 1978, this Class C property is comprised of three units, each valued at $233,000, totaling an asking price of $699,000. The property's proximity to a major medical center further enhances its desirability and potential for long-term growth. This value-add investment is ideal for those seeking a high-traffic location with diverse usage possibilities. The property's established presence on Erie Boulevard, a key commercial artery in Syracuse, guarantees strong visibility and accessibility.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $355,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $385,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $335,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $360,000
- Mixed-Use
- $340,000
- Hospitality
- $350,000
- Educational
- $360,000
- Residential Income
- $405,000
- Energy
- $320,000
- Income-Based Land
- $360,000
- Food Service
- $410,000
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.0946
- Latitude
- 43.0542
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA
