Technical
Financial
Distress signals
Property profile

709 N Main St North Syracuse, NY 13212

FOR LEASE
Strip malls
Property ID
US63-1586742
58,598 SF 4.21 ac lot Built 1975
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

Bear Road Plaza, located at 709 N Main St in North Syracuse, NY 13212, presents a compelling retail investment opportunity. This multi-tenant strip center boasts a total of 59,483 square feet, offering a variety of spaces to suit diverse business needs. Currently, there is 6,645 square feet of vacant space available, with a minimum divisible unit of 2,145 square feet and a maximum contiguous space of 10,250 square feet. The property is ideally situated in North Syracuse, Onondaga County, New York, providing excellent visibility and accessibility for customers. Ample parking is available with 235 spaces to accommodate both tenants and patrons. The property's classification as a retail strip center makes it suitable for a wide range of businesses, from smaller boutiques to larger retail operations. Its location in North Syracuse offers a strong potential for attracting a diverse customer base. The available space presents a unique chance to establish a presence in a thriving commercial area. Interested parties are encouraged to inquire about lease terms and availability. This property offers a strong return on investment potential due to its prime location and ample space. The property's size and layout provide flexibility for various business models. The high number of parking spaces ensures convenient access for customers and employees.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1975
Total area 58,598 SF
Lot 4.21 ac (183,388 SF)
APN 312201 013.-01-03.1
UPID US63-1586742

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pet Funeral Service
  • Nail Salon
  • Dental Office
  • Kennel & Boarding Facility
  • Discount Store

Location

709 N Main St North Syracuse, NY 13212
North Syracuse metro Census 10700 SYRACUSE, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.02M

Owner & transaction history

since 2014
4 recorded transactions
2014
Price N/A
2014
$3.7M
2011
$3.6M
2007
$5.1M

Zoning & alternative use

Top alternative use upside
Commercial (general) $7.5M +19.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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