For Sale
$200,000

402 Old Liverpool RdLiverpool, NY 13088

Prime location, high traffic, owner-user opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional commercial property at 402 Old Liverpool Road, Liverpool, NY 13088, presents a unique owner-user opportunity. The 2,016 square foot building, classified as Class B, is currently 100% occupied (since November 29, 2022) by a month-to-month tenant operating a business in the grocery store, bar, and storefront categories. The property boasts ample parking with 20 spaces and benefits from heavy daytime traffic. The asking price is $200,000, translating to $99.21 per square foot, with a 3.23% cap rate and a current NOI of $6,452. The property is zoned for commercial/retail use and features a single building, one story, and a single tenancy under a modified lease. The current monthly rent of $1,000 is below market value and presents potential for increased income. This is a turn-key operation ideal for an owner-operator. Note: This property is being sold as a package with 408 Old Liverpool Road.

Highlights

  • Owner-user opportunity: 2,016 sq ft Class B building, 100% occupied by month-to-month tenant (grocery/bar/retail) since 11/29/2022.
  • Ample parking (20 spaces) with high daytime traffic.
  • Turn-key operation; asking price $200,000 ($99.21/sq ft), 3.23% cap rate, $6,452 NOI.
  • Sold as a package with 408 Old Liverpool Road.

Property Details for 402 Old Liverpool Rd

Property type
Retail properties, Bars
Square Feet
2,016 SF
Class
B
Buildings
1
Stories
1
Units
1

Location Insight

City
Liverpool
County
Onondaga
State
New York
Latitude
43.0871641
Longitude
-76.1860493
402 Old Liverpool Rd, Liverpool, New York

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402 Old Liverpool Rd
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