8349 Brewerton Rd Cicero, NY 13039-9450
- Investment properties
- 2,028 SF
- 0.37 lot acres
Current Use by Public Records
- Caza Contractors / Roofing Contractor / Siding Contractor
- Frey Agency / Auto Insurance Agency / Home Insurance Agency
- Cosmo's Shoe & Leather Repair / Shoe Repair Shop
- Bottega Hair & Nail Boutique / Nail Salon / Beauty Salon
Property Details for 8349 Brewerton Rd
- Year built
- 1968
- Lot size
- 0.37 lot acres
- Property size
- 2,028 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 312289 048.-01-29.1
- APU
- 31228904801291
Description
This 2,028 square foot storefront property at 8349 Brewerton Road in Cicero, NY, presents a compelling investment opportunity. Built in 1968, this single-story building sits on a 0.37-acre lot and is zoned COM1. Currently configured as four separate units, the property offers the potential for conversion back to five units, maximizing rental income. The building boasts a convenient common hall entrance with two bathrooms. Its highly visible location on Brewerton Road, with easy access to Route 31, ensures significant foot and vehicle traffic. Ample off-street parking is available, including a designated handicapped space. The property benefits from several long-term tenants and a recently installed air conditioning unit. Its strategic location near the Micron site further enhances its appeal. The property's convenient access to Route 31 is a significant advantage, with a simple three-right-turn route back to the highway. This property offers a blend of established tenancy and redevelopment potential, making it an attractive investment in a thriving commercial area. The asking price is $325,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $270,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $290,000
- Retail
- $275,000
- Mixed-Use
- $300,000
- Hospitality
- $255,000
- Educational
- $295,000
- Residential Income
- $270,000
- Energy
- $240,000
- Income-Based Land
- $265,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Cicero
- County
- Onondaga
- State
- New York
- Longitude
- -76.1195
- Latitude
- 43.1746
- CBSA code
- 45060
- CBSA name
- SYRACUSE, NY METROPOLITAN STATISTICAL AREA
