314 Lakeside Rd Syracuse, NY 13209
- Investment properties
- 13,221 SF
- 0.72 lot acres
Current Use by Public Records
- Investment properties
Property Details for 314 Lakeside Rd
- Year built
- 1974
- Lot size
- 0.72 lot acres
- Property size
- 13,221 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 313289 019.-01-18.5
- APU
- 31328901901185
Description
This exceptional 13,221 square foot commercial property at 314 Lakeside Road presents a unique investment opportunity. The single-story, Class B building, constructed in 1974 and extensively renovated in 2020, offers a versatile mix of traditional office, flex, and warehouse space. Currently, there are three available suites ranging from a minimum of 227 square feet to a maximum contiguous space of 2,251 square feet, totaling 3,329 square feet of vacant space. The property sits on a sizable 31,500 square foot lot and features convenient amenities including ample parking, a new HVAC system, and central air conditioning throughout. Ideal for a variety of businesses, the building includes two overhead doors (no dock) and is equipped with a food-grade setup, complete with a grease trap, making it suitable for manufacturing or food-related operations. The building's location just off I-690 provides excellent accessibility. All utilities and trash removal are shared expenses among tenants, utilizing Solvay electric. This is a rare chance to secure prime commercial space in a well-maintained, recently updated building. Don't miss this opportunity to establish or expand your business in a strategic location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $445,000
- 6.5%
- $420,000
- 7%
- $430,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $440,000
- Retail
- $450,000
- Mixed-Use
- $445,000
- Hospitality
- $465,000
- Educational
- $390,000
- Residential Income
- $430,000
- Energy
- $400,000
- Income-Based Land
- $420,000
- Food Service
- $485,000
Location Insight
- Map
- Local Demand
- City
- Syracuse
- County
- Onondaga
- State
- New York
- Longitude
- -76.256
- Latitude
- 43.1045
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA