5633 State Route 31 Verona, NY 13478
- Commercial real estate
- 3,150 SF
- 0.80 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5633 State Route 31
- Year built
- 1950
- Lot size
- 0.80 lot acres
- Property size
- 3,150 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 5633 State Route 31 in Verona, NY, presents a compelling investment opportunity. The 3,150 square foot building sits on a sizable 0.8-acre lot, providing ample parking and potential for expansion. Currently, four long-term commercial tenants occupy the space, generating consistent rental income. The property's strategic location, just minutes from the renowned Turning Stone Resort Casino, ensures high visibility and foot traffic. The existing structure offers the potential for up to five storefronts, allowing for increased revenue streams and diversification of tenants. The large parking lot accommodates customers and employees comfortably. This property is ideal for investors seeking a stable, income-producing asset with significant upside potential. The existing tenants provide immediate cash flow, while the layout and location offer flexibility for future development and growth. This is a rare opportunity to acquire a well-established commercial property in a thriving area with strong potential for long-term appreciation. The asking price is $175,000. Don't miss this chance to secure a valuable addition to your investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Verona
- County
- Oneida
- State
- New York
- Longitude
- -75.58387
- Latitude
- 43.13269
