55 1St St Fulton, NY 13069
- Investment properties
- 5,220 SF
- 0.20 lot acres
Current Use by Public Records
- The Cosmetic Queens / Medical Office / Health And Beauty Shop
Property Details for 55 1St St
- Year built
- 1971
- Lot size
- 0.20 lot acres
- Property size
- 5,220 SF
- Zone code
- C1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 350400 236.62-03-03
- APU
- 350400236620303
Description
This expansive 10,440 square foot commercial property located at 55 W 1st St S, Fulton, NY, presents a unique investment opportunity. Situated on a 0.2-acre lot, the building offers endless possibilities for a variety of businesses. The main structure boasts a significant amount of open space, ideal for customization to suit diverse needs. A substantial workshop area is located at the rear of the building, providing ample room for manufacturing, storage, or other industrial uses. The front of the building features a separate entrance, perfectly suited for a restaurant, coffee shop, bakery, or pizza establishment. Adding to the property's versatility is a spacious three-bedroom apartment with a roughed-in bath and kitchen, offering potential for residential use or additional income generation. A significant advantage is the inclusion of an underground, drive-in garage, providing ample parking and storage space, potentially suitable for a body shop. The property is being sold "as is," including any remaining equipment. This presents a rare chance to acquire a large-scale commercial property in a prime Fulton location, ready for your vision and entrepreneurial spirit. The property's size and diverse layout offer a unique opportunity for creative redevelopment and significant return on investment. Don't miss this chance to transform this substantial space into a thriving business hub.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $65,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $55,000
- 6.5%
- $60,000
- 7%
- $55,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $60,000
- Geo Method
- $55,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $55,000
- Retail
- $55,000
- Mixed-Use
- $60,000
- Hospitality
- $60,000
- Educational
- $50,000
- Residential Income
- $55,000
- Energy
- $55,000
- Income-Based Land
- $55,000
- Food Service
- $50,000
Location Insight
- Map
- Local Demand
- City
- Fulton
- County
- Oswego
- State
- New York
- Longitude
- -76.4215
- Latitude
- 43.3221
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA
