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    FOR SALE
    Investment properties

    6596 Old Collamer Rd, East Syracuse, NY 13057

    2,373 SF 0.46 ac lot Built 1850
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US63-3746197
    Property summary
    AI-generated overview

    This exceptional 2,373 square foot mixed-use property, located at 6596 Old Collamer Rd in East Syracuse, NY 13057, presents a unique investment opportunity. Previously operating as a restaurant, this vacant building offers versatile space ideal for a bar, restaurant, storefront, or office use. Situated on a 0.46-acre lot, the two-story building (built in 1970) boasts new electrical service, plumbing, furnace, A/C, and lighting. An attractive new outdoor patio and walkway have also been recently installed. The property is conveniently located near the NYS Thruway, Routes 481 and 690, and surrounded by other restaurants and hotels, ensuring high visibility and accessibility. With approximately 20 available parking spots, this property is ready for immediate occupancy (February 3, 2023). The asking price is $295,000 ($124.32/sq ft), and owner financing may be available. The property is zoned commercial and features one unit within a single building. Tenant improvements may be offered by the seller for a suitable lease agreement. This is an excellent opportunity for an owner-user seeking a net lease arrangement. The property's APN is 025.-04-16.1.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1850
    Total area 2,373 SF
    Lot 0.46 ac (20,038 SF)
    Zoning code 06 - INDUSTRIAL
    APN 312689 025.-04-16.1
    UPID US63-3746197
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Thomas J Cerio · 4 yrs held
    Thomas J Cerio
    since 2022
    Last sale
    $155,000
    2 recorded transactions
    2022
    $155,000
    2016
    Zoning & alternative use
    06 - INDUSTRIAL · East Syracuse, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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