3235 Fulton AveCentral Square, NY 13036

Property Details for 3235 Fulton Ave

Year built

1972

Lot size

0.52 AC

Property size (Sq ft)

4,469 SF

Property type

Office buildings

APN

353201 276.10-01-04

APU

353201276100104

Description

This exceptional 3,830-square-foot Class B executive office building in Central Square, NY, presents a compelling investment opportunity for owner-users or investors seeking strong returns. Located at 3235 Fulton Ave, 13036, this multi-tenant property boasts a 7.60% capitalization rate, making it an attractive addition to any portfolio. The building features recently renovated offices, providing a modern and efficient workspace. Ample parking is available on-site, a significant advantage for tenants and employees. A substantial addition was completed in 2020, enhancing the building's overall functionality and appeal. Currently, the building is nearly fully leased, with only one small office space available, offering immediate income potential. The property's prime location in Central Square, Oswego County, New York, provides easy access to local amenities and transportation networks. This is a rare opportunity to acquire a well-maintained, high-performing office building in a desirable location. The asking price is $399,000. This property is ideal for an owner-user seeking to establish a presence in a thriving market or an investor looking for a stable, high-yield investment. The building's strong occupancy rate and recent improvements contribute to its exceptional value proposition. Don't miss this chance to secure a profitable and well-situated commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $721,669

  6.5%

  $666,156

  7%

  $618,573

• Comparable approach

  Method

  Valuation

  Relative Method

  $408,280

  Geo Method

  $583,920

• Alternative Use

  Use

  Valuation

  Residential

  $826,033

  Hospitality

  $756,642

  Educational

  $629,517

  Medical

  $651,167

  Retail

  $979,249

Location Insight

City

Central Square

County

Oswego

State

New York

Latitude

43.2871

Longitude

-76.147

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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