656 N Salina St
Syracuse, NY 13208

Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Heavy Day Time Traffic
  • Several Upgrades Throughout Property
  • Turn Key Commercial Mixed-Use Property

EXECUTIVE SUMMARY

Turn Key Commercial Mix-Use Property With Long Term Tenants. Several upgrades - New roof 2021, New Commercial AC system 2021, Second Floor Apartment Renovated in 2018, New Fire Escape in 2021. 1st Floor Commercial Restaurant Tenant is on her 4th year paying $1330/month with a 10% increase/year and 5 years left on lease. 2nd Floor Apartment, Fully Furnished averaging $1500/month with AirBNB. 3rd Floor Apartment, Fully Furnished Tenant Paying $1800/Month lease starts September 14th.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built/Renovated
1930/2004
Price
$349,000
Price Per SF
$116
Cap Rate
13.35%
NOI
$46,600
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.30
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
C20 - Zoned Commercial Mix-Use
Frontage
25 FT on Salina St

AMENITIES

  • Bus Line
  • Restaurant
  • Signage

PROPERTY TAXES

  • Listing ID: 21852193

  • Date on Market: 12/28/2020

  • Last Updated:

  • Address: 656 N Salina St, Syracuse, NY 13208