656 N Salina St
Syracuse, NY 13208
Retail Property For Sale
![656 N Salina St, Syracuse, NY for sale - Primary Photo - Image 1 of 18](https://images1.loopnet.com/i2/Dr-JcEs0UQdRKqij-INm-9jnsxpSVg5siCyrWFuU3ZU/110/656-N-Salina-St-Syracuse-NY-Primary-Photo-1-Large.jpg)
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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
Property Type
Retail
Property Subtype
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
Parcel Number | 311500-008-000-0011-023-000-0000 | Improvements Assessment | $163,300 |
Land Assessment | $6,700 | Total Assessment | $170,000 |