6 Cambridge Ave Morrisville, NY 13408
- Strip malls
- 17,040 SF
- 1.87 lot acres
Current Use by Public Records
- NAPA Auto Parts - Auto Parts Of Morrisville / Auto Parts Store / Car Accessories Store
Property Details for 6 Cambridge Ave
- Year built
- 1964
- Lot size
- 1.87 lot acres
- Property size
- 17,040 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 252601 111.15-1-2.11
- APU
- 252601111151211
Description
This exceptional 17,500-square-foot commercial property at 6 Cambridge Avenue in Morrisville, NY, presents a unique investment opportunity. Situated on a 1.87-acre lot, this single-story building, constructed in 1964, offers versatile space suitable for a variety of uses, including executive, medical, traditional, creative offices, and coworking spaces. Currently fully vacant, the property boasts 60 parking spaces and is undergoing a complete renovation, including new signage and storefronts, to create a modern and appealing space. Its prime location offers high visibility and accessibility, enhanced by being the only property in town with a drive-thru. The property's proximity to Morrisville State College and the village center ensures high foot traffic and convenient access for potential tenants. All public utilities are readily available. The flexible space is ideal for retail, office, medical/dental practices, pharmacies, or restaurants. Current tenants include Napa Auto Parts and Upstate Cerebral Palsy, demonstrating the property's established appeal. The asking rate is $7.00-$12.00 per square foot. This is a rare chance to acquire a highly visible and adaptable commercial property in a thriving community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $385,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $390,000
- 7%
- $355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $365,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $345,000
- Mixed-Use
- $400,000
- Hospitality
- $375,000
- Educational
- $375,000
- Residential Income
- $305,000
- Energy
- $340,000
- Income-Based Land
- $300,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Morrisville
- County
- Madison
- State
- New York
- Longitude
- -75.651
- Latitude
- 42.9004
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA
