408 Old Liverpool Rd Liverpool, NY 13088-6221
- Investment properties
- 2,220 SF
- 0.37 lot acres
Current Use by Public Records
- Sugar Top Bake Shoppe / Bakery / Cupcake Shop
Property Details for 408 Old Liverpool Rd
- Year built
- 1964
- Lot size
- 0.37 lot acres
- Property size
- 2,220 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 314889 081.-01-32.0
- APU
- 31488908101320
Description
This exceptional retail property at 408 Old Liverpool Road, Liverpool, NY 13088, presents a unique owner-user investment opportunity. The 2,300 square foot building, constructed in 1964, sits on a 0.3-acre lot and boasts 20 parking spaces. Currently 100% occupied since November 29, 2022, by Sugar Top Bake Shoppe under a month-to-month lease at $2,000 per month (below market value, with potential for rent increase), this Class B property offers a strong net operating income (NOI) of $18,548, yielding a 5.30% cap rate. The asking price is $350,000, translating to $152.17 per square foot. The property is zoned for commercial/retail use and includes existing kitchen equipment. The lease commenced December 31, 2020, and is a modified lease type. This single-unit property is ideal for an owner-operator seeking a turn-key operation in a high-traffic location. The property benefits from ample parking and is situated on Old Liverpool Road, known for its heavy daytime traffic. This is a package sale, but the listing only includes the details for 408 Old Liverpool Road.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $290,000
- 6.5%
- $285,000
- 7%
- $270,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $270,000
- Mixed-Use
- $270,000
- Hospitality
- $240,000
- Educational
- $265,000
- Residential Income
- $235,000
- Energy
- $270,000
- Income-Based Land
- $265,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Liverpool
- County
- Onondaga
- State
- New York
- Longitude
- -76.1864
- Latitude
- 43.0873
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA