78 Franklin St Auburn, NY 13021-2121
This 3,000-square-foot mixed-use building in Auburn, NY, presents a unique investment opportunity. Built in 2014 and renovated in 2015, the property boasts a prime location near Cayuga Community College and Auburn Community Hospital, within the thriving downtown area. The asking price is $395,000, translating to $131.67 per square foot. The 0.47-acre lot includes ample parking and a private outdoor patio. The building features a full basement and a 1,500-square-foot open area with a private entrance, suitable for conversion into a studio apartment. Two handicap-accessible restrooms cater to diverse needs. The property is ideal for a variety of uses, including service-oriented businesses, retail, office space, or medical practices. High traffic counts of 25,143 vehicles per day on the nearby Arterial Highway East ensure excellent visibility and accessibility. The property is offered as a NNN lease, with a single tenancy. The sale excludes any existing business operations. This is a turnkey opportunity to own a well-maintained commercial building in a high-demand area.
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Morts at Tinkers LLC Bar & Pub
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Tinker’s Guild Bar & Pub
NC Neighborhood Commercial District. A. Purpose and intent. The purpose of the Neighborhood Commercial District (NC) is to promote well-designed medium- and small-scale commercial development compatible with surrounding neighborhoods. B. Permitted uses. The following uses are permitted within the NC District: (1) Animal grooming. (2) Artist studio. (3) Baker…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NC · Auburn, NYNC Neighborhood Commercial District. A. Purpose and intent. The purpose of the Neighborhood Commercial District (NC) is to promote well-designed medium- and small-scale commercial development compatible with surrounding neighborhoods. B. Permitted uses. The following uses are permitted within the NC District: (1) Animal grooming. (2) Artist studio. (3) Bakery, retail. (4) Bed-and-breakfast. (5) Day-care center/day-care facility. (6) Day-care, family home. (7) Dry-cleaning outlet. (8) Dwelling, multiple-family, three to four units. (9) Dwelling, single-family. (10) Dwelling, single-family semidetached. (11) Dwelling, townhouse. (12) Dwelling, two-family. (13) Healthcare facility, outpatient. (14) Health club. (15) Home occupation. (16) Inn. (17) Makerspace. (18) Microbrewery. (19) Mixed-use building. (20) Nursery school. (21) Place of worship. (22) Public/semipublic use. (23) Restaurant. (24) Restaurant, quick service. (25) Retail, goods and services. C. Accessory uses. The following uses are permitted accessory uses within the NC District: (1) Accessory dwelling unit. (2) Uses and structures accessory to a principal use as permitted and subject to the requirements of Article IV , § 305-25 , Accessory uses and structures. D. Special use permits. Certain uses require a special use permit from the Planning Board, subject to the requirements of Article VIII , § 305-104 , Special use permits. The following uses are allowed as special permit uses within the NC District: (1) Bar. (2) Dwelling, multiple-family, five or more units. (3) Motor vehicle service station. (4) Office. (5) Wireless telecommunications facility. E. Prohibited uses. Uses that are not expressly permitted in this section are prohibited. F.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
